This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry where it aids in the development of biologically active compounds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds in drug discovery and material science. Additionally, its fluorine substitution can enhance the metabolic stability and bioavailability of the resulting compounds, making it a preferred choice in medicinal chemistry for designing potential therapeutic agents.