Used primarily as an intermediate in pharmaceutical synthesis, this compound plays a key role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the development of complex drug molecules. Its boronate ester group facilitates coupling with aryl halides, making it valuable in creating fluorinated organic compounds with potential bioactivity. It is particularly useful in the synthesis of pyrrolidine-containing analogs, which are common structural motifs in medicinal chemistry for improving metabolic stability and binding affinity.