This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group allows it to form stable covalent bonds with various organic molecules, making it valuable in constructing complex chemical structures. Additionally, it is employed in the development of bioactive compounds and in research for drug discovery, where it aids in creating molecules with potential therapeutic properties. Its trifluoromethyl group enhances its stability and reactivity, making it suitable for applications in diverse chemical processes.