This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of various drugs, especially those targeting specific enzymes or receptors in the body. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery and development. Additionally, the presence of fluorine enhances its ability to interact with biological targets, improving the efficacy and selectivity of the resulting pharmaceutical agents. Its applications also extend to materials science, where it is used in the synthesis of advanced organic materials with potential uses in electronics and photonics.