Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds with enhanced metabolic stability and bioavailability. Its unique structure makes it valuable in medicinal chemistry for modifying drug candidates to improve lipophilicity and membrane permeability. Also employed in the creation of specialty materials and liquid crystals due to its electron-withdrawing properties and thermal stability. Commonly utilized in cross-coupling reactions such as Suzuki or Buchwald-Hartwig aminations to build complex aromatic systems in advanced organic synthesis.