This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its trifluoromethylphenyl group enhances the lipophilicity and metabolic stability of the resulting compounds, making it valuable in drug discovery. Additionally, it is utilized in materials science for the synthesis of organic electronic materials, including polymers and small molecules for optoelectronic devices. Its boronic ester functionality allows for efficient and selective coupling with various aryl halides, enabling the creation of diverse chemical structures.