Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to construct biaryl frameworks found in pharmaceuticals and agrochemicals. Serves as a building block in drug discovery for introducing fluorinated aromatic motifs, which can enhance metabolic stability and binding affinity. Also applied in materials science for designing organic semiconductors and liquid crystals due to its ability to form conjugated systems with tailored electronic properties. Its boronic acid group enables reversible ester formation, useful in sensor development and molecular recognition.