This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in pharmaceuticals and agrochemicals. The trifluoromethylphenyl group enhances the compound's stability and reactivity, making it valuable in creating compounds with specific electronic properties. It is also utilized in material science for developing organic semiconductors and optoelectronic devices due to its ability to modify electronic characteristics. Additionally, its boronic ester functionality allows for efficient functionalization in polymer chemistry, aiding in the production of advanced materials.