This compound is primarily used in organic synthesis, particularly in the construction of complex molecules through Suzuki-Miyaura cross-coupling reactions. The presence of the dioxaborolane group makes it a valuable boronic ester intermediate, enabling the formation of carbon-carbon bonds in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its trifluoroethanol moiety can also contribute to enhancing the stability and reactivity of the compound in various chemical transformations. Additionally, it may serve as a building block in the development of bioactive compounds or as a precursor in the synthesis of fluorinated organic molecules, which are often sought after for their unique properties in medicinal chemistry and material science.