This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for creating complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl compounds. Additionally, it is utilized in the development of advanced materials, such as liquid crystals and polymers, due to its ability to introduce trifluoromethyl groups, which enhance stability and performance. Its applications also extend to research in medicinal chemistry, where it aids in the synthesis of potential drug candidates.