Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biaryl compounds, particularly in the development of organic semiconductors and fluorescent dyes. Its naphthalene core with a cyano group enhances electron-accepting properties, making it valuable in materials for optoelectronic devices such as OLEDs and organic photovoltaics. The boronic acid functionality allows for efficient and selective carbon-carbon bond formation under mild conditions, commonly applied in pharmaceutical and agrochemical research for constructing complex aromatic structures.