Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient cross-coupling reactions, such as Suzuki-Miyaura reactions, to form carbon-carbon bonds. This is particularly valuable in creating complex molecules for drug discovery. Additionally, the trifluoromethyl and chloro substituents enhance its reactivity and stability, making it suitable for constructing biologically active compounds. It is also employed in material science for developing advanced polymers and electronic materials.