This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the construction of complex molecules. Its trifluoroethoxy and trifluoromethyl groups enhance its reactivity and stability, making it valuable in the development of pharmaceuticals and agrochemicals. Additionally, it is employed in the synthesis of advanced materials and specialty chemicals, where its unique structure contributes to desired properties in the final products.