Used primarily in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for creating complex molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for designing advanced polymers and electronic materials. Its trifluoromethoxy group enhances stability and reactivity, making it suitable for applications in agrochemicals and specialty chemicals.