Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in drug discovery and development. Its boronic acid group enables efficient coupling with aryl halides, making it useful for creating complex molecules. The presence of chloro and fluoropropoxy substituents enhances its reactivity and selectivity in targeted chemical transformations. This compound is often utilized in the synthesis of biologically active molecules, including potential therapeutic agents for treating diseases such as cancer or inflammation. Its application extends to material science, where it contributes to the development of advanced organic materials with specific electronic or optical properties.