This chemical is primarily used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed in the pharmaceutical and agrochemical industries to create complex biaryl compounds, which are essential in the development of various drugs and active ingredients. Its trifluoromethyl and methoxy groups enhance its reactivity and selectivity, making it valuable for constructing molecules with specific functional properties. Additionally, it finds application in material science for the synthesis of advanced organic materials, such as polymers and liquid crystals, due to its ability to introduce unique structural motifs.