This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. The presence of the fluorobenzyloxy group enhances its reactivity and selectivity, making it valuable for creating aryl-aryl bonds in medicinal chemistry. Additionally, it is employed in materials science for synthesizing advanced polymers and functional materials with specific electronic or optical properties. Its boronic acid moiety also allows for applications in sensor development, particularly in detecting sugars and other diol-containing compounds.