This compound is primarily utilized in organic synthesis as a key intermediate in cross-coupling reactions, particularly in Suzuki-Miyaura reactions. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the preparation of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. The presence of bromo and fluoro substituents enhances its reactivity and selectivity in these transformations, allowing for precise modifications in target molecules. Additionally, it is employed in the development of boron-containing compounds for use in medicinal chemistry and material science, where its unique structure contributes to the design of bioactive molecules and functional materials.