Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to the presence of both ester and trifluoromethyl functional groups, which enhance metabolic stability and lipophilicity in bioactive molecules. Commonly employed in the development of anti-inflammatory agents, central nervous system drugs, and herbicides. Its electron-withdrawing trifluoromethyl group facilitates electrophilic aromatic substitution reactions, making it valuable in organic synthesis and medicinal chemistry research.