This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the construction of complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. The trifluoromethyl group enhances the stability and reactivity of the compound, making it valuable for creating bioactive compounds with potential therapeutic applications. Additionally, it is utilized in material science for designing advanced organic materials with specific electronic or optical properties. Its boronic acid moiety allows for efficient conjugation with various organic substrates, facilitating the synthesis of diverse chemical structures.