This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules. Its trifluoromethyl and phenoxymethyl groups enhance its reactivity and selectivity, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for designing advanced polymers and functional materials. Its boronic acid moiety allows for efficient conjugation with various substrates, expanding its application in bioconjugation and sensor development.