This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a versatile reagent for the introduction of formylphenyl groups into various organic molecules, enabling the construction of complex structures. Its trifluoroborate moiety enhances stability and reactivity, making it suitable for use in mild reaction conditions. This compound is valuable in pharmaceutical research and the development of fine chemicals, where precise functionalization of aromatic rings is required. Additionally, it finds applications in material science for the synthesis of advanced polymers and functional materials.