Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceutical agents. Its boronic acid group enables participation in Suzuki-Miyaura cross-coupling reactions, a widely utilized method for forming carbon-carbon bonds. This makes it valuable in the development of complex molecules, particularly in drug discovery and material science. Additionally, its trifluoromethoxy group enhances metabolic stability and bioavailability, making it suitable for designing bioactive compounds. It is also employed in the synthesis of sensors and catalysts due to its unique electronic properties.