Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of compounds with trifluoromethyl groups, which enhance biological activity and stability. It is also employed in organic synthesis for the preparation of complex molecules, including ligands for catalysis and materials for electronic applications. Its reactivity with bromine makes it valuable for cross-coupling reactions in medicinal chemistry and material science. Additionally, it serves as a building block for fluorinated aromatic compounds used in advanced research and industrial processes.