Used as an intermediate in organic synthesis, particularly in the preparation of complex molecules. It is valuable in the development of pharmaceuticals, where it aids in the creation of active pharmaceutical ingredients (APIs). Additionally, it plays a role in the synthesis of agrochemicals, contributing to the production of pesticides or herbicides. Its triflate group makes it a versatile reagent in cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in constructing carbon-carbon bonds. This compound is also utilized in materials science for designing advanced polymers or organic electronic materials. Its stability and reactivity make it a preferred choice in research and industrial applications requiring precise chemical transformations.