Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of pharmaceuticals and agrochemicals. Its boronate ester group enables efficient carbon-carbon bond formation, particularly in the construction of biaryl systems found in bioactive molecules. Commonly applied in medicinal chemistry for modifying aromatic scaffolds to enhance potency or metabolic stability. Also utilized in materials science for developing organic electronic compounds due to the electron-withdrawing nitrile group and structural tunability.