This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules, which are essential in pharmaceuticals and material science. Its boronic acid group facilitates the coupling with aryl halides, making it valuable in producing biaryl compounds. Additionally, it finds application in the development of bioactive molecules and advanced materials due to its ability to introduce specific functional groups into target structures. Its trifluoroethoxy moiety can enhance the stability and reactivity of the resulting compounds, making it useful in specialized chemical transformations.