This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for the creation of complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures, which are common in many drug molecules. Additionally, the trifluoromethyl and thiazol-4-yl groups enhance the compound's stability and can influence the pharmacokinetic properties of the resulting products. It is also explored in material science for the development of advanced organic materials with specific electronic or optical properties.