This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group acts as a key intermediate, enabling the formation of carbon-carbon bonds in the production of complex organic molecules. It is especially valuable in pharmaceutical research for synthesizing compounds with potential therapeutic properties, including those with trifluoromethyl groups, which are known for enhancing drug stability and bioavailability. Additionally, it finds use in material science for creating advanced polymers and organic electronic materials.