This compound is primarily utilized in organic synthesis, particularly in the formation of carbon-carbon bonds through Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the coupling of aryl or vinyl halides with aryl boronic acids to produce biaryl compounds, which are valuable intermediates in pharmaceuticals, agrochemicals, and materials science. Additionally, its structure, featuring a boronic acid group and a cyanomethyl carbamoyl moiety, makes it suitable for applications in medicinal chemistry, where it can be used to design and synthesize biologically active molecules. Its ability to interact with diols and other functional groups also makes it relevant in the development of sensors and diagnostic tools.