This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for the preparation of complex organic molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are common in many drug compounds. Additionally, the cyclopentyl and fluorine substituents can influence the biological activity and metabolic stability of the resulting molecules, making it valuable in designing potential drug candidates. It is also employed in material science for the synthesis of advanced organic materials with specific electronic or optical properties.