This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for creating complex molecules, especially in pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing aromatic rings and heterocycles. Additionally, its trifluoromethyl group enhances the stability and bioavailability of the resulting compounds, which is crucial in drug development. It is also employed in material science for designing advanced polymers and electronic materials.