Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of conjugated organic materials. It is particularly valuable in the development of organic semiconductors, OLEDs (organic light-emitting diodes), organic solar cells, and pharmaceuticals due to its ability to form carbon-carbon bonds efficiently. The presence of the acrylonitrile and boronate ester groups allows for versatile functionalization, making it suitable for constructing complex aromatic and conjugated systems used in advanced materials and drug discovery.