This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in pharmaceutical research for developing drug intermediates. Additionally, its cyano and cyclopropyl groups contribute to its utility in designing molecules with specific biological activities, such as enzyme inhibitors or receptor modulators. The compound is also employed in material science for synthesizing organic electronic materials, where its structural properties enhance performance in devices like organic light-emitting diodes (OLEDs) or sensors.