This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals and bioactive compounds. It serves as a key intermediate in the production of boron-containing molecules, which are essential in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed to form carbon-carbon bonds, a critical step in creating complex organic structures. Additionally, its unique structure, incorporating both boron and fluorine, makes it valuable in the design of enzyme inhibitors and receptor ligands, contributing to advancements in drug discovery and medicinal chemistry.