Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active ingredients for central nervous system drugs and anti-inflammatory agents. Its structure allows for modification into bioactive molecules, making it valuable in medicinal chemistry. Also employed in the preparation of agrochemicals and specialty organic compounds where trifluoromethyl groups enhance metabolic stability and lipophilicity. Commonly utilized in research settings for building complex molecules through ester hydrolysis, amidation, or aromatic substitution reactions.