This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key building block for creating complex organic molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, the presence of both cyano and fluoro groups enhances its reactivity and selectivity, allowing for the synthesis of diverse aromatic compounds. It is also employed in material science for designing advanced polymers and electronic materials, where its structural properties contribute to improved performance and stability.