This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating biaryl structures. Additionally, it is employed in material science for synthesizing advanced organic materials with potential applications in electronics and optoelectronics. Its unique structure allows for the introduction of both chlorine and fluorine substituents, which can enhance the biological activity or physical properties of the final products.