Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex organic molecules. Commonly employed in the production of bioactive compounds and agrochemicals due to its stability and reactivity. Also utilized in material science for the development of advanced polymers and coatings with specific electronic properties. Its trifluoromethyl group enhances the lipophilicity and metabolic stability of derived compounds, making it valuable in medicinal chemistry.