This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it finds application in the development of agrochemicals and materials science, where its unique structure contributes to the synthesis of advanced functional materials. Its trifluoromethoxy group enhances its utility in designing compounds with specific electronic and steric properties.