Used primarily in cross-coupling reactions, this compound serves as a key building block in the synthesis of pharmaceuticals and agrochemicals. Its boronate ester group enables efficient Suzuki-Miyaura coupling, allowing the formation of carbon-carbon bonds with aryl or heteroaryl halides. The nitrile and methyl-substituted pyridine moieties enhance electronic properties and binding selectivity, making it valuable in the development of bioactive molecules. It is also employed in materials science for constructing conjugated systems in organic electronics.