Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the creation of complex organic molecules. Its trifluoromethyl group enhances the stability and reactivity of the resulting compounds, making it useful in the development of drugs with improved metabolic stability and bioavailability. Additionally, it finds applications in material science for the synthesis of advanced polymers and organic electronic materials.