This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for synthesizing biaryl compounds, which are essential in drug discovery. Additionally, it is employed in material science for designing advanced organic materials, such as polymers and liquid crystals. Its trifluoromethyl group enhances the stability and bioavailability of the resulting compounds, making it useful in agrochemical and medicinal chemistry.