This compound is widely utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for introducing fluorinated aromatic groups into complex molecules, which is valuable in the development of pharmaceuticals and agrochemicals. The fluorine atoms enhance the metabolic stability and bioavailability of the resulting compounds, making it a preferred choice in drug design. Additionally, it is employed in materials science for creating advanced polymers and electronic materials with specific properties. Its ability to form stable boronate esters also makes it useful in bioconjugation and chemical sensing applications.