This compound is primarily utilized in organic synthesis as a boronic ester, serving as a key intermediate in cross-coupling reactions, particularly Suzuki-Miyaura couplings. These reactions are essential for forming carbon-carbon bonds, enabling the construction of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it valuable for introducing the 4-chloro-3-(trifluoromethoxy)phenyl moiety into target molecules, which is often sought after in drug discovery for its potential biological activity. Additionally, it is employed in the development of organic electronic materials due to its ability to modify electronic properties in conjugated systems.