This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex molecules, often in pharmaceutical research and development. The boronic acid group allows it to form carbon-carbon bonds efficiently, making it valuable in producing drug intermediates. Additionally, its structure enables the introduction of fluorine atoms into target molecules, which can enhance their biological activity and metabolic stability. It is also utilized in material science for designing advanced polymers and electronic materials.