Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of complex molecules. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This makes it valuable in the development of new drugs, particularly in creating compounds with potential therapeutic effects. Additionally, its trifluoromethyl group enhances the metabolic stability and bioavailability of the resulting molecules, making it useful in designing more effective medicinal agents. It is also employed in material science for the development of advanced organic materials with specific electronic properties.