This chemical is primarily utilized in organic synthesis as a versatile intermediate. Its trifluoroacetyl group makes it particularly useful in the preparation of fluorinated compounds, which are often employed in pharmaceuticals, agrochemicals, and materials science. The compound can act as a building block in the development of complex molecules, especially those requiring the introduction of trifluoromethyl groups, which are known to enhance the biological activity and stability of the final products. Additionally, its ester functionality allows for further chemical modifications, such as hydrolysis or transesterification, enabling the creation of a wide range of derivatives for research and industrial applications.