This chemical is commonly used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic ester group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug development. Additionally, it is utilized in materials science for creating advanced polymers and electronic materials. The presence of both cyano and fluoro groups enhances its reactivity and selectivity in various chemical transformations.