This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for constructing complex molecules. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, the trifluoromethyl group enhances the compound's metabolic stability and lipophilicity, which is beneficial in designing bioactive molecules. It is also employed in material science for creating advanced polymers and functional materials.