Widely used as a reagent in organic synthesis, particularly in the preparation of boron-containing compounds. It serves as a key intermediate in the development of pharmaceuticals and agrochemicals, enabling the introduction of trifluoroethyl groups into target molecules.

In material science, it is employed in the synthesis of advanced polymers and coatings, enhancing their thermal stability and chemical resistance. Its unique properties make it valuable in the production of specialty materials for high-performance applications.

Additionally, it is utilized in the electronics industry for the fabrication of semiconductors and other electronic components, where precise control over chemical reactions is essential. Its role in these processes contributes to the development of more efficient and durable electronic devices.