This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create biaryl structures, which are essential in pharmaceuticals, agrochemicals, and materials science. Its trifluoromethyl group enhances the reactivity and stability of the resulting products, making it valuable in drug discovery for developing compounds with improved metabolic stability and bioavailability. Additionally, it serves as a building block in the synthesis of advanced materials, such as liquid crystals and polymers, due to its ability to introduce fluorine atoms into the molecular structure, which can alter physical and chemical properties.