This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in pharmaceutical research and development. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biologically active compounds. It is often employed in the production of drug candidates targeting various diseases, including cancer and inflammation. Additionally, it finds utility in material science for designing advanced polymers and electronic materials. Its trifluoromethyl group enhances stability and reactivity, making it valuable in diverse chemical transformations.