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 boronate ester group enables efficient carbon-carbon bond formation with aryl halides, making it valuable in the development of conjugated materials for organic electronics such as OLEDs and semiconductors. Also employed in medicinal chemistry to construct biaryl nitrile scaffolds, which are common in bioactive compounds and drug candidates.