This compound is primarily utilized in organic synthesis and pharmaceutical research, particularly as a boronic acid derivative. Its boronic acid group makes it a valuable reagent in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules, including drug candidates. The trifluoromethoxy group enhances its stability and reactivity, making it suitable for constructing bioactive compounds with potential therapeutic applications. Additionally, it may be used in the development of sensors or probes due to its ability to interact with diols and other functional groups, enabling applications in biochemical assays or diagnostic tools.