This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are crucial for forming carbon-carbon bonds, enabling the construction of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group serves as a key functional moiety, facilitating the coupling with aryl or vinyl halides in the presence of a palladium catalyst. Additionally, its fluorinated substituents enhance its stability and reactivity, making it valuable in the development of fluorine-containing compounds, which are often sought after for their unique properties in drug discovery and material science.