Used primarily in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for creating complex organic molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of fluorescent probes and sensors due to its ability to interact with specific biological targets. The fluorophenyl group enhances its stability and reactivity, making it suitable for applications in medicinal chemistry and drug discovery.