This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it finds application in material science for designing advanced polymers and organic electronic materials. Its trifluoromethoxy group enhances stability and reactivity, making it valuable in fine chemical synthesis and research applications.