This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in creating complex organic molecules. Additionally, it finds application in the development of bioactive compounds and drug candidates, especially those targeting specific enzymes or receptors. Its trifluoromethyl group enhances metabolic stability and binding affinity, making it useful in medicinal chemistry.