Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It is often employed in Suzuki-Miyaura cross-coupling reactions to create complex molecules for drug discovery and development. The nitro and trifluoromethyl groups enhance the reactivity and stability of the compound, making it valuable in constructing biologically active compounds. Additionally, it finds application in materials science for the development of advanced polymers and coatings. Its unique structure allows for precise modifications in molecular design, contributing to innovations in medicinal chemistry and industrial applications.