This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, its trifluoromethoxy phenyl moiety can enhance the metabolic stability and bioavailability of the resulting molecules, making it useful in drug discovery and development. Its application extends to materials science, where it contributes to the synthesis of advanced polymers and functional materials.