Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the production of agrochemicals, where it contributes to the creation of more effective and selective pesticides. Additionally, it finds utility in material science for the development of advanced polymers and coatings with enhanced properties. Its trifluoromethyl group imparts unique chemical stability and reactivity, making it valuable in various research and industrial applications.