This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, often used in the pharmaceutical industry to develop drug candidates. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are common in many active pharmaceutical ingredients. Additionally, it finds application in material science for the development of organic electronic materials, such as those used in OLEDs or organic semiconductors. Its unique structure, with bromo and fluoro substituents, allows for precise modifications in molecular design, enhancing the properties of the final products.