This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. Its boronate ester group makes it a valuable reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. The trifluoromethyl and cyano groups enhance the compound's reactivity and stability, making it particularly useful in the development of compounds with potential biological activity. It is also employed in the synthesis of materials with specific electronic properties, such as organic semiconductors and light-emitting diodes (LEDs). Additionally, its unique structure allows for applications in the creation of advanced polymers and coatings with tailored characteristics.