This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules. Its application is crucial in pharmaceutical research, where it aids in the development of drug candidates by introducing fluorinated phenyl groups into target compounds. Additionally, it is utilized in material science for designing advanced polymers and electronic materials, leveraging its unique fluorinated structure to enhance properties like stability and reactivity.