This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to act as a key reagent in forming carbon-carbon bonds, which is essential in constructing complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, where it helps introduce fluorophenyl groups into target molecules, enhancing their biological activity or stability. Additionally, it finds use in material science for the synthesis of advanced polymers and organic electronic materials. Its specific structure, combining a furan ring with a fluorophenyl group, makes it valuable in designing compounds with tailored properties for various applications.