This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceuticals and agrochemicals. The pyridine ring and nitrile group enhance its reactivity and stability, allowing it to be used in the development of bioactive compounds. Additionally, it serves as a building block in materials science for creating advanced polymers and functional materials. Its versatility in forming carbon-carbon bonds makes it essential in research and industrial applications.