This compound is widely used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drugs and bioactive compounds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is utilized in materials science for designing advanced polymers and organic electronic materials. Its trifluoromethyl and chloro substituents enhance its reactivity and stability, making it a versatile building block in various chemical processes.