This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its trifluoromethyl group enhances the stability and bioavailability of the resulting compounds, making it valuable in designing bioactive molecules. Additionally, it finds applications in material science for creating advanced polymers and electronic materials with specific functional properties.