This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for introducing the 2-fluoro-4-methylphenyl group into various organic molecules, enabling the creation of complex structures. Its applications extend to the pharmaceutical industry, where it is used in the development of drug candidates and bioactive compounds. Additionally, it finds use in material science for designing advanced polymers and electronic materials. Its stability and reactivity make it a valuable tool in research and industrial processes.