This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester structure makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the synthesis of drug intermediates, where precise and efficient coupling of aromatic rings is required. Additionally, it finds use in materials science for the development of organic electronic materials, where its stability and reactivity are advantageous. Its trifluoroethylthio group further enhances its utility in creating compounds with unique electronic properties.