This chemical is widely used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds with high efficiency. Its trifluoromethyl group enhances the stability and reactivity of the compound, making it valuable in the development of active ingredients for drugs targeting various diseases. Additionally, it is employed in material science for the synthesis of advanced organic materials with specific electronic or optical properties.