This chemical is primarily used as a key intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. It is widely employed in Suzuki-Miyaura cross-coupling reactions, which are essential for constructing carbon-carbon bonds in complex molecules. Its trifluoromethyl and boronic acid groups make it a valuable building block for developing compounds with enhanced biological activity and stability. It is also utilized in the synthesis of herbicides, fungicides, and other crop protection agents due to its ability to introduce specific functional groups into target molecules. Additionally, it finds application in the development of advanced materials and specialty chemicals, where its unique structure contributes to desired properties.