This chemical is primarily used in organic synthesis and pharmaceutical research as a key intermediate. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its boronic acid group is essential for coupling with aryl or vinyl halides, making it useful in the development of drugs, agrochemicals, and advanced materials. Additionally, its fluorine and sulfonyl groups contribute to its stability and reactivity, making it suitable for designing compounds with specific biological activities. Researchers also explore its potential in creating fluorescent probes or sensors due to its unique structural properties.