This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds. Additionally, the presence of the cyano group enhances its reactivity and versatility, allowing it to be incorporated into various heterocyclic compounds. It is also utilized in material science for developing advanced organic materials and polymers.