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 the creation of complex molecules, often in the development of pharmaceuticals and agrochemicals. Its trifluoromethyl and morpholino groups enhance the stability and reactivity of the resulting compounds, making it valuable in drug discovery and material science. Additionally, it is used in the preparation of boron-containing compounds, which are essential in various catalytic processes and advanced material applications.