This compound is primarily used in organic synthesis and medicinal chemistry as a key intermediate in the development of pharmaceuticals. Its structure, featuring a dioxaborolane group, makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in drug discovery and materials science. Additionally, the fluorine atom enhances its potential in designing bioactive molecules, as fluorine substitution can improve metabolic stability and binding affinity in drug candidates. It is particularly relevant in the synthesis of compounds targeting cancer, inflammation, and central nervous system disorders. Researchers also utilize it in the development of boron-containing probes for imaging and diagnostics due to its unique chemical properties.