This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex molecules in pharmaceutical and material science research. It is often employed in the development of drug candidates, where its trifluoromethyl and imidazole groups contribute to enhancing biological activity and metabolic stability. Additionally, it finds use in the preparation of advanced materials, such as organic electronic components, due to its ability to facilitate precise molecular design.