This chemical is primarily used as a building block in organic synthesis, particularly in the preparation of pharmaceuticals and biologically active compounds. It is often employed in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds, due to the presence of the boronic acid group. The fluorine substituent can enhance the stability and reactivity of the molecule, making it valuable in the development of drug candidates or materials with specific properties. Additionally, its carboxylic acid group allows for further functionalization, enabling its use in creating complex molecular structures. This compound is also explored in research for potential applications in medicinal chemistry, such as enzyme inhibitors or receptor-targeting molecules.