This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it serves as a key building block for creating complex molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its fluorine and hydroxyl groups offer unique electronic and steric properties, enhancing its reactivity and selectivity in targeted chemical transformations. It is also employed in the development of sensors and probes due to its ability to interact with specific biological or chemical targets.