Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its boronic acid functionality enables efficient carbon-carbon bond formation under mild conditions. The presence of a hydroxymethyl group allows further functionalization, such as esterification or ether formation, making it valuable in building molecular diversity. Commonly employed in the development of bioactive compounds where the trifluoromethyl group enhances metabolic stability and lipophilicity.