This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its difluoromethylphenyl group enhances reactivity and selectivity, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for creating advanced polymers and functional materials with specific electronic or optical properties.