This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical research and the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in the synthesis of advanced materials, such as polymers and liquid crystals, due to its ability to introduce fluorine-containing aromatic structures. Its stability and reactivity make it a preferred choice in medicinal chemistry for designing drug candidates with improved pharmacokinetic properties.