This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a valuable building block for creating complex organic molecules, especially in the pharmaceutical industry for developing drug candidates. The boronate ester group at the 5-position enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. The benzonitrile moiety at the 1-position and the amino group at the 3-position can be further modified, making it versatile for constructing diverse chemical structures with multiple functionalization sites. Its applications extend to material science, where it is used in the synthesis of advanced materials with potential electronic or optical properties.