Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of pharmaceuticals and agrochemicals. Its boronic acid group facilitates cross-coupling reactions, such as Suzuki-Miyaura reactions, enabling the formation of carbon-carbon bonds. This is particularly valuable in constructing complex molecules for drug development. Additionally, the trifluoromethylphenyl group enhances the compound's stability and reactivity, making it suitable for creating biologically active compounds with potential therapeutic applications. It is also employed in material science for designing advanced organic materials with specific electronic properties.