This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceutical research and development. It is often employed to introduce fluorophenyl groups into target molecules, enhancing their biological activity or altering their physical properties. Additionally, it serves as a key building block in the synthesis of agrochemicals and materials science applications, where its unique structure contributes to the development of novel compounds with specific functionalities.