Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of protease inhibitors and other therapeutic agents. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the preparation of advanced materials, such as polymers and liquid crystals, due to its ability to introduce fluorine atoms into molecular structures. Additionally, it is utilized in biochemical research for the modification of biomolecules and the development of diagnostic tools. Its boronic acid group allows for selective binding to diols, making it useful in carbohydrate sensing and separation processes.