This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it is used in the development of advanced materials, particularly in the creation of polymers and organic electronic components, due to its ability to facilitate precise molecular design. The trifluoromethyl group enhances its stability and reactivity, making it suitable for applications in medicinal chemistry where such properties are crucial.