This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a key intermediate for constructing complex molecules. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. The trifluoromethoxy and cyano groups enhance its reactivity and stability, allowing for precise modifications in target compounds. Additionally, it is employed in the development of bioactive molecules and organic electronic materials due to its unique electronic properties. Proper handling is essential due to the presence of varying amounts of anhydride, which can influence its reactivity and storage requirements.