This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceuticals and agrochemicals. Its boronate ester group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce fluorine and phenol functionalities into molecular structures. Its applications also extend to medicinal chemistry, where it is used to create bioactive compounds with potential therapeutic properties.