This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing complex organic molecules, including pharmaceuticals and agrochemicals. The presence of bromo and fluoro substituents enhances its reactivity and selectivity in these reactions, allowing for precise modifications to target molecules. It is often employed in the development of drug candidates and advanced materials due to its ability to introduce specific functional groups into aromatic systems.