Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex molecules for pharmaceuticals and agrochemicals. Acts as a key intermediate in the production of active pharmaceutical ingredients (APIs) and fine chemicals. Its trifluoromethyl group enhances the stability and reactivity of the resulting compounds, making it valuable in drug discovery and material science. Also employed in the development of sensors and catalysts due to its unique electronic properties.