This chemical is primarily used in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex compounds. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely utilized method for forming carbon-carbon bonds. This is particularly important in the development of active pharmaceutical ingredients (APIs) and biologically active molecules. Additionally, the trifluoromethyl and cyano groups enhance its reactivity and stability, making it suitable for creating compounds with specific electronic and steric properties. It is also employed in the production of advanced materials and organic electronic components due to its ability to modify molecular structures effectively.