Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of enzyme inhibitors and receptor modulators. It plays a significant role in cross-coupling reactions, such as Suzuki-Miyaura coupling, to create complex organic compounds for drug discovery. Additionally, it is employed in the preparation of advanced materials and sensors, where its boronic acid group enables selective binding to diols and sugars, making it useful in glucose monitoring systems. Its nitro and fluoro substituents enhance its reactivity and specificity in various chemical transformations.