This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of various pharmaceuticals, enabling the formation of carbon-carbon bonds. Its boronic acid group facilitates coupling with aryl halides, making it valuable in creating complex molecules for drug development. Additionally, the fluorine substituent can enhance the stability and reactivity of the resulting compounds, making it useful in designing biologically active molecules. It is also employed in materials science for the synthesis of advanced organic materials and polymers.