This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its trans-2-(3-fluorophenyl)vinyl group is valuable in pharmaceutical research for developing fluorinated compounds, which often exhibit enhanced biological activity and metabolic stability. Additionally, it is employed in material science for creating advanced polymers and functional materials with specific electronic or optical properties. Its boronic acid functionality also makes it useful in sensor development for detecting sugars and other diol-containing molecules.