This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a valuable boron-containing reagent, enabling the formation of carbon-carbon bonds in the construction of complex organic molecules. Its nitro and nitrile functional groups make it a versatile intermediate in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the preparation of biologically active compounds and in the synthesis of heterocycles, which are crucial in medicinal chemistry. Its stability and reactivity under mild conditions make it a preferred choice for researchers in synthetic organic chemistry.