This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, often in the pharmaceutical industry, where it contributes to the development of drug candidates. Its trifluoromethyl and ethoxy groups enhance the reactivity and stability of the resulting compounds, making it valuable in synthesizing bioactive molecules. Additionally, it is employed in materials science for designing advanced polymers and functional materials with specific electronic or optical properties. Its versatility in forming carbon-carbon bonds makes it a crucial reagent in modern synthetic chemistry.