This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for creating complex molecules, often in pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is utilized in the development of advanced materials and catalysts, where its trifluoromethyl group enhances stability and reactivity. Its applications extend to research in medicinal chemistry, where it aids in the synthesis of biologically active compounds.