Used extensively in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceuticals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in constructing biaryl structures often found in drug candidates. Additionally, it plays a role in material science for creating advanced polymers and organic electronic materials. Its fluorophenyl group enhances stability and reactivity, making it suitable for applications in medicinal chemistry where fluorine substitution is desired for improved drug properties.