This compound is widely used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds. Its trifluoromethoxy and benzyloxy groups enhance its reactivity and selectivity, making it valuable in the synthesis of complex molecules. Additionally, it is employed in the development of advanced materials, including liquid crystals and polymers, due to its ability to introduce specific functional groups into organic frameworks. Its stability and compatibility with various reaction conditions make it a versatile tool in modern synthetic chemistry.