Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its nitrile and boronate ester functional groups allow dual reactivity, enabling selective transformations in multi-step syntheses. Commonly employed in the preparation of biaryl compounds and functionalized aromatic systems found in active pharmaceutical ingredients. Also utilized in materials science for constructing conjugated organic frameworks in optoelectronic devices.