This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions. It serves as a stable and versatile organoboron reagent, enabling the formation of carbon-carbon bonds in the presence of palladium catalysts. Its application is significant in pharmaceutical research, where it aids in the development of complex molecules, including potential drug candidates. Additionally, it is utilized in material science for the synthesis of advanced organic materials with specific electronic or structural properties. The trifluoroborate group enhances its stability and reactivity, making it a valuable tool in modern synthetic chemistry.