This compound is primarily utilized in organic synthesis and pharmaceutical research, particularly in the development of boron-containing molecules. Its boronate ester group makes it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions, which are widely used to form carbon-carbon bonds in the synthesis of complex organic compounds, including potential drug candidates. The presence of the fluorine atom enhances its reactivity and selectivity in these reactions, making it a useful building block for creating biologically active molecules. Additionally, its cyclobutane ring structure can contribute to the rigidity and stability of the final compounds, which is often desirable in medicinal chemistry for optimizing drug properties such as potency and selectivity.