This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent. Its structure, featuring a boronic acid group, enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The cyano and isopropyl groups further enhance its reactivity and selectivity in these reactions. Additionally, it can be employed in the development of advanced materials and as an intermediate in the production of fine chemicals. Its versatility and stability under various reaction conditions make it a useful tool in medicinal chemistry and material science research.