The 28-year-old is looking to maximise her use of protected ranking entries following her shoulder surgery last year.
The player, who slumped to world number 253 in the WTA rankings in January, admitted her decision to withdraw from Wimbledon was due to the grand slam losing ranking points after opting to ban players from Russia and Belarus.
In a statement, Bouchard said: "Due to my shoulder surgery I get a limited number of protected ranking (PR) entries.
"As much as I love Wimbledon, and skipping it makes me sad, using a PR entry at a tournament with no ranking points doesn't make sense.
"I must choose wisely and use my PR entries at tournaments that will help me get back to where I want to be.
"I will now use my two Grand Slam PR entries for the US Open and Australian Open."
Eugenie Bouchard's WTA year-end singles rankings
Bouchard's best career performance at a grand slam took place at Wimbledon back in 2014 when she reached the final but lost 6-3 6-0 to Petra Kvitova.
Since then, the Canadian has struggled in grand slams and has only made one quarter-final at the 2015 Australian Open.
Bouchard's last appearance at Wimbledon came in 2019 when she was knocked out in the opening round.
In fact, since 2017 the player has only recorded just one win in the main draw at SW19.