This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the introduction of specific functional groups into molecular frameworks. Additionally, it is employed in material science for the synthesis of advanced materials, including polymers and ligands for catalysis. The difluoromethoxy group in its structure enhances its stability and reactivity, making it a valuable tool in modern synthetic chemistry.