This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key reagent to form carbon-carbon bonds. Its trifluoromethyl group enhances the reactivity and stability of the boronic acid, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it is employed in the development of sensors and materials due to its ability to interact with diols and other functional groups, enabling applications in bioimaging and molecular recognition. Its unique structure also makes it a candidate for research in medicinal chemistry, particularly in designing enzyme inhibitors or receptor modulators.