This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group enables it to couple with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its trifluoromethylbenzyloxy group enhances its stability and reactivity, making it suitable for use in drug discovery and development processes. The compound is also employed in materials science for the synthesis of advanced polymers and functionalized materials.