This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals due to its boronic ester functional group, which facilitates Suzuki-Miyaura coupling reactions. These reactions are essential for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Additionally, its trifluoromethyl group enhances the biological activity and metabolic stability of the resulting compounds, making it valuable in drug discovery and development. It is also employed in material science for the synthesis of advanced organic materials with specific electronic or optical properties.