This chemical is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the introduction of the 5-(trifluoromethyl)thiophene moiety into various organic compounds. This functionality is valuable in the development of pharmaceuticals, agrochemicals, and materials science, where the trifluoromethyl group enhances the biological activity, stability, and physicochemical properties of the target molecules. Additionally, it is employed in the synthesis of complex molecules for research and industrial applications, including the production of active pharmaceutical ingredients (APIs) and advanced materials.