This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for creating complex organic molecules, including pharmaceuticals and agrochemicals. The trifluoromethoxy group enhances the compound's stability and reactivity, making it valuable in the development of bioactive compounds. It is also employed in the synthesis of advanced materials and polymers, where its boronic acid functionality enables precise molecular assembly. Additionally, it is utilized in research for designing and optimizing drug candidates, especially those targeting specific enzymes or receptors.