Used in organic synthesis as a boronic ester coupling partner in Suzuki-Miyaura cross-coupling reactions to construct biaryl frameworks. Its nitrile and dimethylamino groups provide additional functionality for further derivatization, making it valuable in pharmaceutical and agrochemical research. Commonly employed in the development of functional materials and active pharmaceutical ingredients where aryl-aryl bonds are required. The presence of the dioxaborolane group ensures good stability and reactivity under palladium-catalyzed conditions.