This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceutical research. It is often employed in the development of drug candidates, where it aids in the formation of carbon-carbon bonds. Additionally, it finds utility in material science for creating advanced polymers and organic electronic materials. Its fluorine substituent can enhance the biological activity of the resulting compounds, making it relevant in the design of bioactive molecules.