This compound is primarily used in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to create complex organic compounds, including potential drug candidates. The trifluoromethyl and bromo substituents enhance its utility in designing molecules with specific electronic and steric properties, often leading to improved drug efficacy and stability. Additionally, it finds applications in material science, particularly in the development of advanced organic materials and polymers. Its unique structure allows for precise modifications, making it a versatile building block in organic synthesis.