Estelle in Black Rabbit is one of the most underrated characters, per reports, probably because she carries so many shades altogether, but only quieter in a male-dominated industry.
Estelle is an interior designer contracted for the design work of Black Rabbit and later also considered for designing Jake's new space. She is dating Wes, one of Jake's investors, and therefore often is part of their social circles. The catch is that even Jake has an attraction towards her, making their personal and professional dynamics complicated.
In Black Rabbit, Estelle ends up mattering the most by the end as she overcomes all her struggles with grace. She balances loyalty and ethics along with her identity, which makes her admirable and more than a romantic foil. Here's how.
Why is Estelle the most underrated character in Black Rabbit?

Estelle is the beautiful mind behind Black Rabbits Interiors. She is the chief designer who breathed soul into the bricks and the walls. Jake becomes the one who actually recognizes her talent and trusts her with The Pool Club. On the other hand, she feels invisible with Wes, the person she is dating, and overshadowed by his public persona. Their relationship was more about supporting Wes' image and less about her life and what she really is.
She feels intimate with Jake, as he mirrors her loneliness. Their intimacy isn't just lust but also a psychological refuge where she can be her true self. Estelle eventually decides to confess this to Wes despite the consequences, which sets her apart. She is morally ethical and right in a world where people can do anything to save their image, or for power or money. For Jake, Estelle is also his muse, as her creativity satisfies his ambition to create the same.
Estelle establishes her own career, aesthetic voice, and desire to take on meaningful projects. When Jake offers her a new project, this suggests her potential and recognition of Estelle's skills and aspirations. She is someone trying to keep a sense of self amid the chaos around her.
Estelle is the most authentic character in Black Rabbit
The show revolves around business ties, corruption, and relationship expectations, while Estelle introduces conflict, not just being the romantic one but also the ethical one. Jake is compelled to confront his compromises.
While Estelle's intimacy with Jake was a result of the suffocation of her relationship with Wes, the very act revealed a lot about Jake as well, for putting his desires first despite knowing the consequences. Estelle chooses to confess it to Wes, and Jake chooses to hide and keep manipulating things accordingly.
Estelle is highly underrated, but she is the most authentic character in the Netflix show. She embodies someone who cares for people and not just herself. She is torn between loyalty and truth, and career vs relationship. She is avoiding hurting anyone, but also wants to be very honest.
Black Rabbit is a show that portrays the power struggles, crime, and ambition. Amidst this, Estelle's character arc is quieter but more emotional. Therefore, she becomes less visible, but her choices are ideal and create ripples throughout the story.