This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex molecules. Its trifluoromethyl group enhances the electron-withdrawing properties, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is utilized in material science to create advanced polymers and electronic materials. Its stability and reactivity make it a preferred choice in various industrial and academic applications.