This chemical is primarily used in organic synthesis as a versatile building block for introducing trifluoromethyl groups into various compounds. Its unique structure allows it to participate in cross-coupling reactions, enabling the creation of complex molecules with enhanced properties. It is particularly valuable in the pharmaceutical industry for developing drug candidates, as the trifluoromethyl group can improve metabolic stability and bioavailability. Additionally, it finds applications in material science for modifying surfaces or creating fluorinated polymers with specific characteristics, such as increased resistance to heat, chemicals, or UV light. Its use in agrochemicals is also notable, where it helps in designing more effective and stable active ingredients.