This chemical is widely used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its trifluoromethyl group enhances the stability and reactivity of the resulting compounds, which is beneficial in drug discovery and development. Additionally, it serves as a building block in the synthesis of complex molecules, including ligands for catalysis and functional materials. Its applications extend to research and industrial processes where precision and efficiency in chemical transformations are required.