This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for introducing fluorinated aromatic moieties into complex molecules, which is valuable in the development of pharmaceuticals and agrochemicals. The presence of the methoxycarbonyl group enhances its reactivity and selectivity in these transformations. Additionally, its stability and ease of handling make it a preferred choice in the synthesis of biologically active compounds and advanced materials.