Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its nitrile and boronic acid functional groups allow for selective transformations, making it valuable in constructing complex aromatic systems. Commonly employed in the development of kinase inhibitors and other biologically active compounds. Also utilized in materials science for designing organic semiconductors and fluorescent probes due to its electron-withdrawing nitrile group and boron-based reactivity.