This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry, where it aids in the development of drugs and bioactive compounds. Its trifluoromethyl and boronic acid groups make it valuable for creating molecules with enhanced stability and specific electronic properties. Additionally, it is employed in material science for designing advanced polymers and functional materials. Its versatility in forming carbon-carbon bonds makes it a crucial reagent in research and industrial applications.