React Native remains a leading choice for mobile app development due to its streamlined cross-platform capabilities, enhancing developer productivity, and delivering a native-like user experience. Its cost-effectiveness stems from the ability to use a single codebase for both iOS and Android apps, while a strong community and Facebook's backing ensure its continued relevance and support. As a versatile framework, React Native is employed in various app types, including travel, food delivery, productivity, media, and financial applications.