This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical industry for developing drug candidates. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing biaryl structures. Additionally, it is employed in material science for synthesizing conjugated polymers and organic electronic materials. Its fluorophenyl group can enhance the stability and electronic properties of the resulting compounds, making it useful in designing advanced materials for optoelectronic applications.