This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a boron reagent. Its structure, featuring a trifluoromethylthio group, makes it valuable for introducing this functional group into various organic compounds, which is beneficial in the development of pharmaceuticals and agrochemicals. The compound’s stability and reactivity also make it suitable for creating complex molecules in medicinal chemistry, especially in the synthesis of drug candidates with enhanced biological activity. Additionally, it is used in material science for modifying polymers and creating advanced materials with specific properties.