This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex molecules, often in the development of pharmaceuticals and agrochemicals. Its unique structure, featuring both fluorine and trifluoromethyl groups, enhances the reactivity and stability of the resulting compounds, making it valuable for designing drugs with improved metabolic stability and bioavailability. Additionally, it finds applications in material science, where it is used to synthesize advanced polymers and organic electronic materials. Its ability to introduce fluorine atoms into molecules is particularly advantageous in tuning the properties of materials for specific applications.