Used primarily in organic synthesis, this compound serves as a key building block in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for creating complex molecules. It is particularly valuable in the development of drugs targeting specific enzymes or receptors due to its trifluoromethylphenyl moiety, which enhances binding affinity and metabolic stability. Additionally, it is employed in material science for designing advanced polymers and electronic materials with tailored properties.