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), and molecular electronic systems due to its ability to extend π-conjugation and enhance electron transport properties. The boronate ester group enables efficient carbon-carbon bond formation with aryl halides, making it useful in constructing complex aromatic frameworks for optoelectronic applications. Its nitrile functionality also provides a site for further chemical modification or coordination in functional materials.