This compound is widely used in Suzuki-Miyaura cross-coupling reactions, a pivotal method in organic synthesis for forming carbon-carbon bonds. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it suitable for constructing complex organic molecules, particularly in the synthesis of aromatic compounds. Additionally, it is employed in the development of liquid crystals and organic electronic materials, where precise molecular architecture is crucial. Its trifluoromethyl group enhances the lipophilicity and metabolic stability of the final products, making it valuable in drug discovery and development.