This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables the formation of carbon-carbon bonds, making it valuable in the production of complex organic molecules, including pharmaceuticals and agrochemicals. The presence of the oxetane ring and trifluoromethyl group can enhance the stability and reactivity of the compound, contributing to its effectiveness in creating biologically active compounds. Additionally, it may be used in the development of advanced materials and as an intermediate in the synthesis of specialty chemicals.