Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its ethynyl group allows for efficient coupling reactions, making it valuable in the construction of complex molecules. It is also employed in the development of organic electronic materials, particularly in the synthesis of conjugated polymers and small molecules for optoelectronic devices like organic light-emitting diodes (OLEDs) and photovoltaic cells. Additionally, its nitrile group can be utilized in further functionalization, enabling the creation of diverse chemical structures for research and industrial applications.