This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl groups. This makes it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its trifluoromethyl group enhances its reactivity and stability, making it suitable for creating complex organic molecules with specific functional properties. Additionally, it is utilized in the development of bioactive compounds and in research for drug discovery, where precise molecular structures are crucial.