This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a stable and efficient boron reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its trifluoroborate group enhances stability and reactivity, making it suitable for use in mild reaction conditions. This compound is often employed in pharmaceutical research and development for creating intermediates in drug synthesis. Additionally, it finds applications in material science for designing advanced organic materials with specific properties. Its nitro group further allows for functionalization, expanding its utility in diverse chemical transformations.