This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of more complex molecules, especially in the pharmaceutical industry. The boronic acid group enables it to participate in Suzuki-Miyaura coupling reactions, which are essential for forming carbon-carbon bonds. This makes it valuable in the development of drugs and other bioactive compounds. Additionally, its trifluoromethyl group can enhance the metabolic stability and lipophilicity of the resulting molecules, which is beneficial in drug design. The deuterated propoxy group may be used in studies involving isotopic labeling to track metabolic pathways or understand reaction mechanisms. Overall, it plays a significant role in the synthesis of advanced materials and therapeutic agents.