This compound is widely utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It is often employed in the synthesis of complex molecules, including bioactive compounds and polymers, due to its stability and reactivity. Additionally, it serves as a key intermediate in the development of drug candidates, especially in medicinal chemistry research targeting various diseases. Its trifluoromethyl group enhances its lipophilicity, which can improve the pharmacokinetic properties of the resulting compounds.