This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceutical research. It is often employed in the development of indole-based compounds, which are significant in drug discovery due to their biological activity. The fluorine substituent enhances its potential in creating bioactive molecules with improved stability and binding properties. Its application is crucial in synthesizing compounds for potential use in treating various diseases, including cancer and neurological disorders.