Used as a versatile intermediate in organic synthesis, particularly in the preparation of complex molecules. It is commonly employed in cross-coupling reactions, such as Suzuki and Heck reactions, to introduce methoxyphenyl groups into target compounds. Its triflate group acts as a good leaving group, facilitating nucleophilic substitution reactions. It is also utilized in the synthesis of pharmaceuticals, agrochemicals, and materials science applications, where precise functionalization of aromatic rings is required. Additionally, it serves as a reagent in the development of ligands for catalysis and in the modification of polymers for specialized applications.