This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group acts as a key functional group, enabling efficient coupling with aryl halides or other electrophiles. Additionally, it is employed in the development of bioactive molecules and complex organic frameworks, where its trifluoromethyl and benzyloxy substituents contribute to enhanced reactivity and stability.