This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for creating carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) and other electronic materials due to its ability to facilitate the formation of conjugated systems. The trifluoromethyl group enhances its stability and reactivity, making it suitable for applications in medicinal chemistry where fluorinated compounds are often sought for their unique properties.