This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic ester group makes it a valuable intermediate for constructing complex molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. The fluorine substituent enhances its reactivity and stability, making it suitable for creating fluorinated organic compounds, which are often sought after in medicinal chemistry for their unique biological properties. Additionally, it is employed in material science for the synthesis of advanced materials with specific electronic or optical properties.