This compound is primarily utilized 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 aromatic systems, which are essential in the development of pharmaceuticals and agrochemicals. The presence of the fluorine atom enhances its reactivity and can influence the biological activity of the final products, making it useful in drug discovery. Additionally, it serves as a building block in material science for creating advanced polymers and organic electronic materials.