Used in organic synthesis as a building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the development of bioactive molecules. The trifluoromethyl and hydroxyl groups enhance electronic and metabolic stability, which is beneficial in drug design. Commonly employed in the synthesis of fluorinated compounds with improved pharmacokinetic properties.