This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the preparation of more complex organic compounds, especially in the pharmaceutical and agrochemical industries. The trifluoromethyl group enhances the stability and reactivity of the compound, making it valuable in the development of active pharmaceutical ingredients (APIs) and other biologically active molecules. Additionally, its boronic acid functional group allows for efficient coupling with aryl halides, enabling the creation of diverse biaryl structures. This compound is also utilized in material science for the synthesis of advanced materials, including organic electronics and liquid crystals.