This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a key intermediate in the construction of complex organic molecules, especially those containing aromatic rings. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its cyano and cyclopropyl groups contribute to its utility in designing molecules with specific biological activities or material properties. Its application is particularly relevant in drug discovery, where it aids in the development of bioactive compounds targeting various diseases.