This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid functional group enables the formation of carbon-carbon bonds, making it valuable for constructing complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, especially those requiring the incorporation of trifluoromethoxy or morpholinosulfonyl groups. Additionally, it finds application in material science for the synthesis of advanced polymers and functional materials. Its unique structure allows for precise modifications, enhancing the properties of the final products.