This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions. It serves as a stable organoboron reagent, enabling the formation of carbon-carbon bonds in the presence of palladium catalysts. Its application is significant in the pharmaceutical industry for the development of complex molecules, including drug intermediates. Additionally, it is used in the synthesis of agrochemicals and fine chemicals, where precise and efficient coupling reactions are essential. The trifluoroborate group enhances its stability and reactivity, making it a valuable tool in modern synthetic chemistry.