This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its boronic acid group reacts with aryl or vinyl halides in the presence of a palladium catalyst, enabling the creation of complex organic molecules. This makes it valuable in the pharmaceutical industry for synthesizing drug intermediates or active pharmaceutical ingredients (APIs). Additionally, it is utilized in materials science for developing advanced polymers and electronic materials. Its fluorine and methylsulfonyl groups enhance its reactivity and stability, making it suitable for applications in fine chemical manufacturing and research.