Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound facilitates the synthesis of complex biaryl structures, which are essential in pharmaceutical development. It is particularly valuable in creating active pharmaceutical ingredients (APIs) for drugs targeting neurological and inflammatory disorders. Additionally, it serves as a building block in agrochemical research for designing novel pesticides and herbicides. Its unique fluorine-containing structure enhances the metabolic stability and bioavailability of the final compounds, making it a preferred choice in medicinal chemistry.