This compound is primarily used in organic synthesis as a versatile building block, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. The trifluoromethyl and cyano groups enhance the compound's reactivity and stability, allowing for the creation of complex molecules with specific properties. It is also employed in the development of bioactive compounds and in the modification of organic frameworks for materials science applications.