This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. It is often employed in the development of active pharmaceutical ingredients (APIs) due to its ability to introduce fluorine and nitrile groups into target molecules, enhancing their biological activity and metabolic stability. Additionally, it serves as a building block in materials science for creating advanced polymers and electronic materials.