This compound is primarily utilized in organic synthesis as a building block for the preparation of more complex molecules, particularly in pharmaceutical and agrochemical research. Its boronate ester group makes it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds. The trifluoromethoxy group enhances the compound's stability and can impart unique biological activity to the final products. It is often used in the development of compounds with potential therapeutic properties, such as anti-inflammatory, antimicrobial, or anticancer agents. Additionally, its structural features make it suitable for creating materials with specific electronic or optical properties in advanced material science applications.