Used as a key reagent in organic synthesis, particularly in palladium-catalyzed cross-coupling reactions such as the Suzuki-Miyaura and Stille couplings. The triflate group acts as an excellent leaving group, enabling efficient formation of carbon-carbon bonds. The trimethylsilyl group can serve as a masked functional group, easily converted to other moieties like aldehydes or alkynes, making this compound valuable in the synthesis of complex organic molecules, including pharmaceuticals and functional materials. Its stability and reactivity profile make it suitable for multi-step synthetic sequences in research and development settings.