This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for introducing the 4-fluorophenylvinyl group into various organic molecules, enabling the construction of complex structures. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the formation of carbon-carbon bonds. Additionally, it is utilized in material science for the synthesis of advanced polymers and functional materials. The pinacol ester group enhances its stability, making it easier to handle and store during chemical processes.