Used primarily as a building block in organic synthesis, this compound is valuable in the production of pharmaceuticals and agrochemicals. It serves as an intermediate in the creation of complex molecules, particularly in the development of active ingredients for drugs and pesticides. Its trifluorinated aromatic structure makes it useful in introducing fluorine atoms into target molecules, enhancing their stability and biological activity. Additionally, it is employed in material science for the synthesis of specialty chemicals and advanced materials. Its reactivity with organometallic reagents also makes it a key component in cross-coupling reactions, which are essential in modern synthetic chemistry.