Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds for constructing conjugated aromatic systems. Its dicyanovinyl group enhances electron-accepting properties, making it valuable in the development of organic electronic materials such as OLEDs and sensors. The boronic acid functionality allows for easy incorporation into larger molecular frameworks, useful in pharmaceutical and agrochemical research. Also employed as a building block in the synthesis of fluorescent probes due to its ability to stabilize charge transfer states.