Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its trifluoromethyl group enhances the biological activity and stability of the resulting compounds, making it useful in the development of drugs with improved efficacy and metabolic resistance. Additionally, it finds application in material science for the creation of advanced polymers and electronic materials.