If you're using Taylor's theorem as an infinite series to "estimate" functions, then you're abusing it. The correct form of Taylor's Theorem, for such usages, doesn't give you estimates, but exact values and formulae - that's Taylor's Theorem with remainder. In other words, you use it for curve-sculpting and for solving functional equations.
That includes interpolation, as a special case, by the way. More generally it includes smooth interpolation, where you have conditions not just on function at a set of points but on their derivatives.
It also includes - as a special case - the order $1$(!) Taylor's Theorem - which is purely algebraic, not even involving derivatives at all (except as a condition)
If $f(x)$ is absolutely differentiable between $a$ and $x$, then $f(x) - f(a)$ factors into $(x - a)g(x,a)$ for some continuous function $g(x,a)$ of $x$ and $a$.
Here's an example of curve sculpting:
Find the "most general" function $f(x)$, such that $f(0) = 0$, $f(1) = 1$, $f'(0) = 0 = f'(1)$.
By "most general", we mean one which has suitable conditions on its derivatives. Here, that means it has absolutely continuous derivatives up to and including order $4$.
Use the order $2$ Taylor's Theorem with $f(0)$ and $f'(0)$:
$$f(x) = f(0) + x f'(0) + x^2 g(x) = x^2 g(x),$$
for some function $g(x)$. Differentiating, we have $f'(x) = 2x g(x) + x^2 g'(x)$, therefore:
$$1 = f(1) = 1^2 g(1) = g(1), \quad 0 = f'(1) = 2 g(1) + 1^2 g'(1) = 2 + g'(1)\quad⇒\quad g'(1) = -2.$$
By assumption $g(x)$ is has absolutely continuous derivatives up to the second order. So, we can use order 2 Taylor's Theorem on $g(x)$ at $x = 1$:
$$g(x) = g(1) + (x - 1)g'(1) + (x - 1)^2 h(x) = 1 - 2(x - 1) + (x - 1)^2 h(x),$$
for some continuous function $h(x)$. Thus, the general solution to the original problem is:
$$f(x) = x^2(3 - 2x) + (x(x - 1))^2 h(x),$$
for some continuous function $h(x)$.
Further conditions may then be used to determine $h(x)$, based on the context where the problem occurs in. The function $f(x)$, for instance, can be used to smoothly drive a motion or transition from point $x = 0$ to $x = 1$.
Example:
Transition functions were determined, by conditions like this, and used at several place in this video
Invasion From Planet Chicago: Independence Day II
https://vimeo.com/manage/videos/156311459
Now, interpolation.
Find the "most general" function $f(x)$ such that $f(0) = 0$, $f(1) = 1$ and $f(2) = 4$.
... again, with the usual qualifier on "most general".
First, by the order 1 Taylor's Theorem at $x = 0$, we have
$$f(x) = x g(x),$$
for some function $g(x)$. Then
$$1 = f(1) = g(1), \quad 4 = f(2) = 2 g(2)\quad⇒\quad g(2) = 2.$$
Second, use the order 1 Taylor's Theorem at $x = 1$, to get:
$$g(x) = 1 + (x - 1)h(x),$$
for some function $h(x)$. Then
$$2 = g(2) = 1 + h(2)\quad⇒\quad h(2) = 1.$$
Finally, use the order 1 Taylor's Theorem at $x = 2$, to get:
$$h(x) = 1 + (x - 2)k(x),$$
for some function $k(x)$. Then, upon substitution, we find that the most general solution for $f(x)$ is:
$$f(x) = x^2 + x(x - 1)(x - 2)k(x).$$
This is not an approximate result - but exact. The function $k(x)$ can be narrowed down upon by other conditions derived from the context of the problem.