This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its trifluoromethyl and methoxy groups enhance the reactivity and stability of the resulting compounds, making it valuable in creating complex molecules. Additionally, it is employed in the development of bioactive compounds and fine chemicals, contributing to research in medicinal chemistry and drug discovery.