This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for forming carbon-carbon bonds. Its trifluoromethyl and boronic acid groups make it highly effective in creating complex molecules, especially in the pharmaceutical industry for developing drug candidates. It is also employed in material science for synthesizing advanced organic materials, such as polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular structures. Additionally, its stability and reactivity make it valuable in research and development for designing novel compounds with potential applications in agrochemicals and electronics.