This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for constructing complex biaryl structures. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in pharmaceutical and agrochemical research for developing active ingredients. The presence of both cyano and fluoro groups enhances its reactivity and selectivity, allowing for the creation of diverse chemical scaffolds. Additionally, it is employed in the preparation of advanced materials, such as organic semiconductors and liquid crystals, due to its ability to introduce specific functional groups into molecular frameworks. Its utility in medicinal chemistry is notable, as it aids in the synthesis of potential drug candidates targeting various diseases.