Widely used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block for introducing the 2,4-bis(trifluoromethyl)phenyl group into complex organic molecules. Its boronic ester functionality offers enhanced stability and handling compared to the corresponding boronic acid, making it ideal for pharmaceutical and agrochemical synthesis. The presence of two trifluoromethyl groups contributes to improved metabolic stability and lipophilicity in bioactive molecules, which is particularly valuable in drug discovery. It is frequently employed in the development of fluorinated analogs for medicinal chemistry research and in the preparation of functional materials where fluorine imparts desired electronic or physical properties.