Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in pharmaceutical research. It is often employed in Suzuki-Miyaura cross-coupling reactions to create biaryl compounds, which are essential in developing drugs with potential therapeutic effects. Its trifluoromethyl group enhances the metabolic stability and bioavailability of the resulting compounds, making it valuable in medicinal chemistry. Additionally, it is utilized in the synthesis of materials for organic electronics and advanced polymers due to its boronic acid functionality, which facilitates precise molecular design.