Used as a key intermediate in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, which are essential for constructing complex organic molecules. Its trifluoroborate group enhances stability and reactivity, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it finds applications in material science for creating advanced polymers and functional materials. The fluorine and formyl groups contribute to its versatility in modifying chemical structures for specific applications.