Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to construct biaryl compounds for pharmaceuticals and agrochemicals. The presence of both boronic acid and hydroxymethyl functional groups allows for selective transformations and serves as a versatile building block in drug discovery. Commonly employed in the development of enzyme inhibitors and receptor modulators due to its ability to enhance binding affinity and metabolic stability. Also utilized in the preparation of fluorescent probes and sensors, where the fluorine atom enables further derivatization via nucleophilic aromatic substitution.