This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceuticals and agrochemicals. Its trifluoromethyl group enhances the stability and bioavailability of the resulting compounds, making it valuable in drug discovery. Additionally, it is employed in the development of advanced materials, such as organic electronics and liquid crystals, due to its unique electronic properties. The boronic acid moiety allows for efficient conjugation with other functional groups, enabling the creation of diverse chemical structures.