This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid derivative, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its structure, featuring a cyano group and a pyrazole moiety, makes it valuable in medicinal chemistry for designing and synthesizing biologically active compounds. Additionally, it finds application in material science for developing advanced materials with specific electronic or photonic properties. Its versatility in facilitating diverse chemical transformations makes it a crucial reagent in research and industrial processes.