This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for creating complex biaryl structures. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals and agrochemicals. The presence of the cyano and fluorine groups enhances its reactivity and selectivity, enabling the development of compounds with specific biological activities. Additionally, it is employed in the preparation of advanced materials, such as organic electronic components, due to its ability to introduce functional groups into aromatic systems. Its stability and ease of handling make it a preferred choice in various industrial and research applications.