This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex molecular structures. Additionally, it is employed in the development of bioactive compounds and in research for drug discovery. Its trifluoromethyl group enhances the stability and reactivity of the resulting compounds, making it a versatile reagent in various chemical transformations.