This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex molecules used in pharmaceuticals and materials science. Its boronic acid group facilitates coupling with aryl halides, while the hydroxymethyl group offers additional functionalization opportunities. The fluorine atom enhances stability and can influence the electronic properties of the resulting products. It is also employed in the development of bioactive compounds, including potential drug candidates, due to its ability to introduce fluorine atoms into target molecules, which can improve metabolic stability and binding affinity. Additionally, it finds use in the synthesis of advanced materials, such as organic semiconductors and polymers.