This compound is primarily utilized in organic synthesis and pharmaceutical research due to its boronic acid functional group, which is highly effective in Suzuki-Miyaura cross-coupling reactions. These reactions are pivotal for constructing carbon-carbon bonds, enabling the synthesis of complex organic molecules, including potential drug candidates. Additionally, the presence of the fluoro and carbonyl groups enhances its reactivity and selectivity, making it a valuable intermediate in the development of biologically active compounds. Its application extends to the preparation of novel materials and ligands for catalysis, contributing to advancements in medicinal chemistry and material science.