Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to construct biaryl compounds for pharmaceutical and agrochemical development. Its nitrile and boronic acid functional groups allow for selective transformations and derivatizations, making it valuable in building complex aromatic structures. Commonly employed in medicinal chemistry for creating kinase inhibitors and other bioactive molecules. Also utilized in materials science for designing organic electronic materials due to its electron-withdrawing nitrile group and structural stability.