This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in creating complex molecular structures. Additionally, it is utilized in the development of bioactive compounds and in research for drug discovery, where its trifluoromethyl group enhances metabolic stability and bioavailability. Its applications also extend to the synthesis of liquid crystals and polymers, contributing to advancements in material science.