Used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the creation of diverse biaryl structures. The presence of fluorine and iodine atoms enhances its reactivity and selectivity, making it valuable in the development of targeted drug candidates and advanced materials. Additionally, it is employed in the preparation of heterocyclic compounds, which are essential in medicinal chemistry for their bioactivity and therapeutic potential.