Used as a reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its stability and reactivity make it suitable for constructing biaryl compounds, which are common structural motifs in drug development. The presence of trifluoromethyl groups enhances lipophilicity and metabolic stability in target molecules, making this compound valuable in medicinal chemistry for designing bioactive compounds. It is also employed in materials science for synthesizing conjugated organic systems used in electronic devices.