This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for forming carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and organic materials. Its boronic ester group enhances stability and solubility, making it a valuable intermediate in the synthesis of complex molecules. Additionally, it is employed in the development of fluorescent probes and sensors due to its ability to interact with specific biological targets. The fluorine atom further modifies its reactivity and binding properties, making it useful in designing drugs with improved metabolic stability and selectivity.