This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent. It is valuable for creating carbon-carbon bonds, especially in the synthesis of biaryl compounds, which are important in pharmaceuticals and agrochemicals. Additionally, it can serve as a building block in the development of biologically active molecules, including potential drug candidates. Its fluorophenyl group enhances its utility in designing compounds with specific electronic properties, making it useful in material science and medicinal chemistry research.