This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceutical and agrochemical research. The trifluoromethyl group enhances its utility in the development of compounds with improved metabolic stability and bioavailability. It is often employed in the synthesis of biologically active molecules, including potential drug candidates, due to its ability to introduce fluorine atoms into target structures, which can significantly alter their chemical and physical properties. Additionally, it is used in material science for the preparation of advanced organic materials with specific electronic or optical properties.