Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antihypertensive and anti-inflammatory agents. Its structure allows for the introduction of trifluoromethyl groups into larger molecules, enhancing metabolic stability and bioavailability. Commonly employed in Suzuki coupling reactions to build biaryl frameworks found in active drug components. Also utilized in agrochemicals for creating herbicides and fungicides due to the electron-withdrawing nature of the trifluoromethyl group, which improves compound resilience and target specificity.