Used in organic synthesis as a key intermediate for the preparation of pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. Its trifluoromethyl and methoxy groups enhance the reactivity and selectivity of the compound, making it useful in the development of bioactive compounds. Additionally, it serves as a building block in the production of materials for organic electronics and advanced polymers.