Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex aromatic compounds for pharmaceuticals and agrochemicals. Its boronate ester group facilitates efficient carbon-carbon bond formation under mild conditions. The nitro and nitrile functionalities allow further transformations, making it valuable in the development of functional materials, such as organic semiconductors and liquid crystals. Commonly employed in medicinal chemistry for constructing biaryl scaffolds found in bioactive molecules.