Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a crucial role in cross-coupling reactions, such as Suzuki-Miyaura coupling, to form carbon-carbon bonds, enabling the creation of complex organic molecules. This compound is especially valuable in medicinal chemistry for designing drugs targeting various diseases, including cancer and infectious diseases. Its trifluoromethyl and boronic ester groups enhance reactivity and stability, making it a versatile building block in drug discovery and organic synthesis.