This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its trifluoromethyl group enhances the biological activity and metabolic stability of the resulting compounds, making it valuable in drug discovery and development. Additionally, it is employed in the synthesis of complex molecules for research and industrial applications, contributing to the creation of novel compounds with potential therapeutic or functional properties.