This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronate ester functionality makes it a valuable reagent in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it is used in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and photovoltaic cells, due to its ability to introduce functional groups that enhance electronic properties. The compound’s nitrile group further expands its utility in chemical transformations, serving as a precursor for the synthesis of amines, carboxylic acids, and heterocycles.