This chemical is primarily used in organic synthesis as a stable and versatile reagent, particularly in cross-coupling reactions. It serves as a source of the acetoxymethyl group, which can be introduced into various organic molecules to modify their structure or functionality. Its trifluoroborate moiety enhances stability, making it easier to handle and store compared to other reactive intermediates. It is often employed in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where precise control over molecular structure is critical. Additionally, its compatibility with palladium-catalyzed reactions makes it valuable in constructing complex organic frameworks.