This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of bioactive compounds and materials with potential applications in medicinal chemistry and drug discovery. Its trifluoromethoxy group enhances its stability and reactivity, making it a valuable building block in the synthesis of diverse chemical entities.