This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, as well as in materials science for synthesizing advanced polymers and electronic materials. The trifluoromethyl groups enhance its stability and reactivity, making it suitable for use in demanding synthetic conditions. Additionally, it serves as a key intermediate in the preparation of bioactive compounds and functional materials.