This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for creating complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl structures, which are common in drug molecules. Additionally, it is utilized in material science for designing advanced organic materials with specific electronic or optical properties. Its fluorine substituent can enhance the stability and reactivity of the resulting compounds, making it a versatile reagent in various chemical applications.