This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key building block for constructing complex biaryl structures. Its boronic acid group enables efficient coupling with aryl halides or pseudohalides in the presence of a palladium catalyst, making it valuable in pharmaceutical and material science research. The fluorine substituent on the biphenyl ring can enhance the stability and reactivity of the compound, allowing for the development of advanced drug molecules or functional materials. Additionally, it may be used in the synthesis of fluorescent probes or other specialized organic compounds due to its unique electronic properties.