This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it is used in material science for developing advanced polymers and electronic materials. The trifluoromethyl group enhances its stability and reactivity, making it suitable for applications requiring precise molecular modifications.