Primarily utilized in organic synthesis, this compound serves as a crucial intermediate in the production of pharmaceuticals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are instrumental in forming carbon-carbon bonds. This reaction is widely employed in the development of complex organic molecules, including potential drug candidates. Additionally, its trifluoromethyl group enhances the biological activity and metabolic stability of the resulting compounds, making it a preferred choice in medicinal chemistry. The ethoxy group further contributes to the compound's reactivity and solubility, facilitating its use in various chemical transformations. Overall, it plays a significant role in the synthesis of biologically active molecules and advanced materials.