This compound is widely used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a stable and efficient reagent for introducing the 4-cyanophenyl group into various organic molecules, enabling the construction of complex structures. Its application is significant in pharmaceutical research for developing drug candidates and in material science for creating advanced polymers and electronic materials. The trifluoroborate moiety enhances its stability and solubility, making it easier to handle in synthetic processes.