This compound is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its trifluoromethyl group enhances the biological activity of the final products, making it valuable in the development of active ingredients for drugs and pesticides. Additionally, it serves as a building block in the synthesis of complex molecules, contributing to advancements in medicinal chemistry and crop protection. Its ester functionality also allows for further chemical modifications, enabling the creation of diverse derivatives for various industrial applications.