Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of active ingredients for herbicides and fungicides. Its electron-withdrawing trifluoromethyl groups enhance metabolic stability and bioavailability in drug design, making it valuable in medicinal chemistry. Also employed in the production of liquid crystals and specialty polymers due to its thermal and chemical resistance. Commonly utilized in cross-coupling reactions, such as Suzuki or Negishi couplings, to build complex aromatic structures in research and industrial settings.