Used primarily as a building block in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group reacts efficiently with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research. The nitrile and ethoxy functionalities provide additional sites for further modification, allowing access to diverse molecular architectures. It is particularly useful in the development of functional materials and bioactive compounds where precise molecular design is required.