This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its cyclopentyl and fluorine substituents contribute to its reactivity and selectivity, making it valuable in constructing complex molecular structures. Additionally, it may be employed in medicinal chemistry research for the design and synthesis of biologically active molecules, particularly those targeting specific enzymes or receptors.