This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a key intermediate for forming carbon-carbon bonds. Its boronic acid group enables it to couple with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable for constructing complex organic molecules. Additionally, it is employed in the development of pharmaceuticals and agrochemicals, where its structure contributes to the synthesis of biologically active compounds. Its fluorophenyl group can enhance the stability and binding affinity of the resulting molecules, making it useful in drug discovery and material science applications.