This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of biologically active compounds. Additionally, it is employed in the development of fluorescent probes and sensors due to its ability to interact with specific analytes, aiding in biochemical research and diagnostics. Its fluorophenyl moiety further enhances its utility in designing compounds with targeted properties.