Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its trifluoromethyl and ethoxy groups enhance lipophilicity and metabolic stability, making it valuable in medicinal chemistry for designing bioactive molecules. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to construct complex aromatic systems. Also utilized in the preparation of liquid crystals and functional materials due to its electronic properties and structural rigidity.