This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating aryl-aryl or aryl-heteroaryl linkages. This is essential for developing active pharmaceutical ingredients (APIs) or advanced materials. Additionally, its trifluoromethyl group enhances the stability and bioavailability of the resulting compounds, making it a preferred choice in drug discovery and development processes.