Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of conjugated organic frameworks and functional polymers. Its nitrile and boronate ester groups allow dual reactivity, making it valuable in constructing electron-accepting materials for organic electronics such as OLEDs and organic photovoltaics. It is also employed in the preparation of metal-organic frameworks (MOFs) and covalent organic frameworks (COFs), where it contributes to porosity and electronic tuning. Additionally, it serves as a building block in pharmaceutical and agrochemical synthesis due to its ability to form biaryl structures under mild palladium-catalyzed conditions.