This chemical is primarily utilized 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 pharmaceutical research and development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing drug candidates or biologically active compounds. Additionally, it is used in the synthesis of agrochemicals and materials science applications, where its trifluoromethyl group can enhance stability and reactivity. Its versatility makes it a crucial component in the development of novel compounds across various industries.