This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Its specific structure, including the difluoromethoxy group, contributes to the stability and reactivity of the final products, often enhancing their efficacy in medicinal applications. Additionally, it is used in material science for designing advanced polymers and functional materials with tailored properties.