Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals due to the presence of the trifluoromethyl group, which enhances metabolic stability and lipophilicity in bioactive molecules. Commonly employed in the preparation of fluorinated analogs of natural compounds and active ingredients in crop protection agents. Also utilized in the development of specialty polymers and functional materials where fluorine imparts desirable thermal and chemical resistance properties. Its ester functionality allows for easy transformation into acids, alcohols, or amides during multi-step organic syntheses.