Used in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. The boronic acid group enables formation of carbon-carbon bonds with aryl halides, facilitating the construction of biaryl structures. The trifluoromethyl and acetoxy substituents provide electronic and steric properties that can influence reactivity and selectivity, making this compound valuable in the development of bioactive compounds and functional materials. It serves as a building block in medicinal chemistry for designing drug candidates with enhanced metabolic stability and binding affinity.