This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the construction of complex molecules, especially in the pharmaceutical and agrochemical industries. Its trifluoromethoxy group enhances the biological activity and metabolic stability of the resulting compounds, making it valuable in drug discovery. Additionally, it is employed in the development of advanced materials, such as organic semiconductors and liquid crystals, due to its ability to modify electronic properties. Its boronic acid functionality allows for efficient conjugation with various organic substrates, facilitating the creation of diverse chemical structures.