This compound is primarily utilized in organic synthesis as a versatile reagent, particularly in the preparation of complex molecules. It is often employed in cross-coupling reactions, where it acts as a boron-based catalyst or intermediate, facilitating the formation of carbon-carbon or carbon-heteroatom bonds. Its unique structure, containing both pyrrolidine and trifluoroborate groups, enhances its stability and reactivity, making it suitable for use in demanding synthetic conditions. Additionally, it finds application in pharmaceutical research for the development of drug candidates, where its ability to introduce specific functional groups is highly valuable. Its trifluoroborate moiety also contributes to its use in materials science, particularly in the design of advanced polymers and coatings.