This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group reacts with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and materials science research. Additionally, it is employed in the development of bioactive compounds and advanced materials due to its stability and reactivity. Its trifluoroethoxy group can also impart unique electronic properties to the resulting products, enhancing their functionality in specific applications.