This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it is employed in materials science for the development of advanced polymers and electronic materials. Its trifluoromethyl group enhances the stability and reactivity of the resulting compounds, making it a versatile reagent in various industrial applications.