Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in the preparation of biaryl compounds. The nitrile and chloro functionalities allow for further derivatization, enhancing its utility in multi-step synthesis of active pharmaceutical ingredients (APIs) and functional materials.