This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to act as a key intermediate in the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its unique structure allows for the introduction of fluoro and cyclobutoxy groups into target compounds, which can enhance their biological activity or modify their physical properties. This chemical is often employed in the development of drug candidates, where precise molecular modifications are crucial for optimizing efficacy and selectivity.