Used primarily in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for constructing complex molecules. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures commonly found in pharmaceuticals and agrochemicals. The cyclopropyl and cyano substituents enhance its reactivity and selectivity, making it valuable in the development of drug candidates and fine chemicals. Additionally, its unique structure allows for potential applications in material science, such as the creation of organic electronic components or advanced polymers.