This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid derivative, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the synthesis of biaryl compounds. Additionally, it is utilized in materials science for creating advanced polymers and organic electronic materials. The compound's unique structure, incorporating a cyano group and a pyrrole ring, enhances its reactivity and selectivity in various catalytic processes.