Used primarily in organic synthesis, this compound serves as a key building block in the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex molecules. Its trifluoromethyl group enhances the biological activity and stability of the resulting compounds, making it essential in the development of drugs targeting specific diseases. Additionally, it finds application in material science for creating advanced polymers and electronic materials.