This compound is primarily used in organic synthesis and medicinal chemistry as a versatile building block. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid reagent to form carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its structure, featuring a boronic acid group and a cyano-substituted aromatic ring, makes it useful in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the design of enzyme inhibitors and receptor ligands due to its ability to interact with biological targets. Its applications also extend to materials science, where it contributes to the creation of polymers and functionalized surfaces.