Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biaryl compounds in pharmaceutical and agrochemical industries. Its ester form enhances stability and handling compared to the free boronic acid, making it suitable for solid-phase synthesis and high-throughput screening. Commonly employed in the preparation of drug candidates containing biphenyl motifs, especially in oncology and CNS therapeutic areas. Also utilized in the development of sensors and functional materials due to the nitrile group’s ability to participate in further chemical modifications.