This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key building block for creating complex biaryl structures. Its trifluoromethyl group enhances the electron-deficient nature of the biphenyl system, making it valuable in the development of pharmaceuticals and agrochemicals. Additionally, it finds application in materials science for the synthesis of organic electronic materials, such as those used in OLEDs and organic semiconductors, due to its ability to modify electronic properties. The boronic acid moiety also allows for further functionalization, enabling the creation of diverse molecular architectures for research and industrial applications.