Widely used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. Its boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in medicinal chemistry for constructing biaryl structures. The presence of fluorine atoms enhances binding selectivity and metabolic stability in drug candidates. It is also employed in materials science for developing organic electronic materials due to its electron-withdrawing nitrile group and fluorinated aromatic core.