Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its boronic acid functionality enables efficient carbon-carbon bond formation with aryl or vinyl halides under palladium catalysis. The presence of the cyano group adds versatility by allowing further functionalization, such as reduction to amines or use in heterocycle formation. Commonly employed in the development of bioactive compounds and functional materials where precise molecular architecture is required.