Used in organic synthesis as a building block for pharmaceuticals and functional materials, particularly in Suzuki-Miyaura cross-coupling reactions to construct biaryl frameworks. Its nitrile groups allow further derivatization, making it valuable in the development of agrochemicals, liquid crystals, and conjugated systems for optoelectronic materials. Also employed in the synthesis of boron-containing compounds for sensing applications due to the boronic acid group's affinity for diols.