This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key building block for creating complex organic molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the preparation of heterocyclic compounds, which are often used in drug discovery and development due to their biological activity. Its specific bromo and fluoro substituents enhance its reactivity and selectivity in various chemical transformations.