This compound is widely used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It plays a crucial role in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of complex biaryl structures. Additionally, it is employed in the development of bioactive molecules and in the synthesis of compounds for research in medicinal chemistry. Its trifluoromethyl group enhances the stability and reactivity of the resulting products, making it valuable in designing molecules with specific properties.