This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting specific enzymes or receptors. Its trifluoromethylphenyl group enhances binding affinity and metabolic stability, making it valuable in drug discovery. Additionally, it is explored in the synthesis of agrochemicals, where its structural features contribute to the efficacy of pesticides or herbicides. Its carboxylic acid functionality allows for further derivatization, enabling the creation of diverse chemical libraries for screening purposes.