This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex organic molecules. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of drugs and bioactive compounds. Additionally, it is utilized in the synthesis of liquid crystals and polymers for electronic and optical applications. Its trifluoromethyl group enhances the stability and reactivity of the resulting compounds, making it a preferred choice in various industrial and research applications.