This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, which is essential for creating carbon-carbon bonds in pharmaceutical and materials research. Its boronate ester group acts as a key intermediate, enabling the formation of complex organic molecules. It is also employed in the development of biologically active compounds, including potential drug candidates, due to its ability to introduce fluorine atoms into aromatic systems, which can enhance metabolic stability and binding affinity. Additionally, it finds use in the preparation of advanced materials, such as organic semiconductors and polymers, where precise molecular architecture is critical.