This compound is primarily used in organic synthesis and pharmaceutical research, particularly in the development of new drugs. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are essential for creating carbon-carbon bonds in complex organic molecules. The presence of the tert-butoxycarbonyl (Boc) protecting group allows for selective deprotection, enabling controlled modifications during synthesis. The cyclopentyl and fluorine substituents contribute to its potential as a building block for bioactive molecules, especially in designing compounds with specific interactions in biological systems. Its applications are often focused on creating intermediates for drug candidates targeting various diseases, including cancer and neurological disorders.