Used primarily in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active compounds. It plays a crucial role in the development of herbicides and fungicides, contributing to crop protection by targeting specific biological pathways in pests. Additionally, it is utilized in medicinal chemistry for the creation of drug candidates, particularly those involving trifluoromethyl groups, which enhance metabolic stability and bioavailability. Its ester functionality allows for further chemical modifications, making it a versatile building block in organic synthesis.