This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables the formation of carbon-carbon bonds, making it valuable for constructing complex molecules, especially in pharmaceutical research. It is often employed in the development of active pharmaceutical ingredients (APIs) and agrochemicals, where the introduction of fluorine and trifluoromethyl groups can enhance the biological activity and metabolic stability of the compounds. Additionally, it serves as a key intermediate in the synthesis of heterocyclic compounds, which are widely used in drug discovery and material science.