This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. Its boronic acid group enables it to form carbon-carbon bonds with aryl or vinyl halides, making it valuable in the production of complex organic molecules, such as pharmaceuticals and agrochemicals. The deuterated ethoxy group enhances its stability and can be useful in isotopic labeling studies, aiding in research involving metabolic pathways or drug development. Its trifluoromethyl group contributes to increased lipophilicity, which is beneficial in designing compounds with improved bioavailability. Overall, it serves as a versatile building block in medicinal chemistry and material science.