This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its fluorophenyl group enhances reactivity and selectivity in these reactions, making it valuable in pharmaceutical research for developing drug candidates. Additionally, the benzyloxycarbonyl (Cbz) protecting group ensures stability during synthesis, allowing for selective deprotection when needed. This compound is also explored in materials science for creating advanced polymers and functional materials.