This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura couplings, due to the presence of the boronate ester functional group. Its structure makes it a valuable intermediate in the development of pharmaceuticals and agrochemicals, especially for creating complex molecules with trifluoromethyl groups, which are known for enhancing biological activity and metabolic stability. Additionally, it can be used in material science for the synthesis of advanced organic materials, including polymers and liquid crystals, where precise molecular architecture is crucial. Its application extends to the preparation of bioactive compounds targeting specific receptors or enzymes in medicinal chemistry research.