This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling, where it acts as a boron-containing reagent to form carbon-carbon bonds. Its trifluoromethyl group enhances the stability and reactivity of the molecule, making it valuable in the development of pharmaceuticals and agrochemicals. Additionally, it is employed in the synthesis of complex molecules for material science applications, including the creation of advanced polymers and electronic materials. Its unique structure allows for precise modifications in molecular design, contributing to innovations in drug discovery and functional materials.