This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The presence of bromo and fluoro substituents enhances its reactivity and selectivity, allowing for precise modifications in target molecules. It is often employed in the development of bioactive compounds and materials with specific electronic or structural properties.