Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily reacts with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research. The nitrile and methoxy functional groups provide additional sites for modification, allowing for the construction of substituted aromatic systems found in bioactive compounds. It is especially useful in the development of functional materials and drug candidates where precise molecular architecture is required.