This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its trifluoromethyl group enhances the reactivity and stability of the resulting compounds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of liquid crystals and organic light-emitting diodes (OLEDs) due to its ability to modify electronic properties. Additionally, it finds applications in medicinal chemistry for designing drug candidates with improved metabolic stability and bioavailability.