This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, often in the pharmaceutical industry for drug development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it is utilized in material science for the synthesis of advanced polymers and organic electronic materials. The presence of bromo and fluoro substituents enhances its reactivity and selectivity in various chemical transformations.