This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boron-containing reagent. Its structure, featuring a boronate ester group, makes it valuable for forming carbon-carbon bonds in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. The benzonitrile moiety further enhances its versatility, allowing it to participate in additional chemical transformations. Its stability and reactivity under mild conditions make it a preferred choice in medicinal chemistry for constructing biologically active compounds.