This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for the introduction of fluorinated aromatic rings into more complex molecules, which is valuable in the development of pharmaceuticals and agrochemicals. The presence of the fluoromethylsulfonyl group enhances the electron-withdrawing properties, making it useful in creating compounds with specific electronic characteristics. Additionally, its stability and compatibility with various reaction conditions make it a preferred choice in medicinal chemistry for designing drug candidates with improved bioavailability and metabolic stability.