Used as a key intermediate in organic synthesis, particularly in the preparation of complex fluorinated compounds. It plays a significant role in the development of pharmaceuticals, where fluorinated molecules are often sought for their enhanced stability and bioavailability. Additionally, it is employed in the creation of advanced materials, such as liquid crystals and polymers, where the introduction of fluorine atoms can impart desirable properties like thermal stability and chemical resistance. Its reactivity with various nucleophiles makes it valuable in cross-coupling reactions, enabling the construction of diverse molecular architectures in medicinal chemistry and material science.