This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a boronic acid reagent. These reactions are crucial for forming carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its trifluoromethyl and pyrazole groups enhance its reactivity and selectivity, making it valuable in the development of bioactive compounds and drug candidates. Additionally, it is employed in the preparation of heterocyclic compounds, which are important in medicinal chemistry for their diverse biological activities.