This compound is primarily utilized in the synthesis of various organic materials, particularly in the field of coordination chemistry. It acts as a key intermediate in the preparation of metal complexes, which are often employed in catalysis and material science. Additionally, it is used in the development of advanced organic compounds, including pharmaceuticals and agrochemicals, due to its ability to introduce trifluoromethyl groups into molecules, enhancing their biological activity and stability. Its application extends to the field of organic electronics, where it contributes to the creation of novel materials with unique electronic properties.