This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its trifluoromethylphenyl group enhances reactivity and stability, making it valuable in pharmaceutical and agrochemical research. Additionally, it is employed in the development of advanced materials, such as polymers and liquid crystals, due to its unique electronic properties. The compound’s borolane structure also facilitates its use in catalysis and as a precursor for boron-containing compounds in various industrial applications.