Used in organic synthesis as a building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form biaryl compounds. Its nitrile and boronic acid functional groups allow for versatile transformations, enabling the construction of complex aromatic structures. Commonly employed in the development of kinase inhibitors and other bioactive molecules in medicinal chemistry research. Also utilized in materials science for designing organic semiconductors and fluorescent probes due to its electron-withdrawing cyano group and structural rigidity.