This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its stability and reactivity make it a valuable tool in pharmaceutical research for creating drug intermediates. Additionally, it is employed in material science for developing advanced polymers and functional materials. The trifluoromethoxy group enhances its electronic properties, making it suitable for applications in agrochemicals and specialty chemicals.