This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures commonly found in active pharmaceutical ingredients. Additionally, it finds application in material science for designing advanced organic materials with specific electronic or optical properties. Its trifluoromethyl group enhances stability and influences the electronic characteristics of the resulting compounds, making it valuable in the development of agrochemicals and functional materials.