This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are common in drug molecules. Additionally, the trifluoromethyl group enhances the compound’s stability and influences the electronic properties of the resulting products, making it valuable in designing bioactive compounds with improved efficacy and metabolic stability.