Used extensively in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the creation of biaryl structures commonly found in active drug ingredients. Additionally, it is employed in the development of fluorescent probes and materials for organic electronics due to its unique electronic properties. The difluorophenyl moiety enhances stability and bioavailability, making it valuable in drug discovery and development.