Used primarily in organic synthesis, this compound serves as a key building block in the preparation of complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the presence of palladium catalysts. This facilitates the creation of biaryl compounds, which are essential in pharmaceuticals, agrochemicals, and materials science. Its trifluoromethyl groups enhance the stability and reactivity of the boronic acid, making it a preferred choice for synthesizing fluorinated organic compounds. Additionally, it finds utility in the development of advanced materials, such as liquid crystals and polymers, due to its unique electronic properties.