This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex organic molecules. Additionally, it is utilized in the development of bioactive compounds and in research for drug discovery, owing to its ability to introduce trifluoromethyl and pyrrole groups into target molecules, enhancing their properties.