Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical industries. The presence of both cyano and boronic ester functional groups allows for sequential and selective transformations, enabling the construction of biaryl and heterobiaryl systems. Its carboxylic acid group can be further modified to amides or esters, expanding its utility in medicinal chemistry for drug design and development. It is particularly valuable in creating libraries of compounds for biological screening due to its structural versatility and reactivity profile.