Used extensively in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds, enabling the synthesis of complex organic molecules. Valuable in pharmaceutical research for creating drug intermediates with trifluoromethyl groups, which enhance metabolic stability and bioavailability. Applied in material science to develop advanced polymers and electronic materials. Its boronic acid functionality allows for precise modifications in organic synthesis, making it a versatile building block in medicinal chemistry and industrial applications.