This chemical is primarily utilized in organic synthesis as a key intermediate for the preparation of more complex molecules. It is particularly valuable in cross-coupling reactions, such as Suzuki-Miyaura coupling, where it acts as a boron-containing reagent to facilitate the formation of carbon-carbon bonds. This makes it essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its nitro and fluoro substituents make it a versatile building block for designing compounds with specific electronic and steric properties, often used in drug discovery and material science research.