This compound is primarily used as a building block in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed in the pharmaceutical and agrochemical industries to create complex molecules by forming carbon-carbon bonds. Its boronic acid group facilitates the coupling with aryl or vinyl halides, enabling the synthesis of biaryl compounds, which are essential in drug development and material science. Additionally, it may be utilized in the preparation of intermediates for active pharmaceutical ingredients (APIs) or specialty chemicals. Its trifluoromethoxy group can enhance the stability and bioavailability of the resulting compounds, making it valuable in medicinal chemistry.