This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a versatile building block for creating complex molecules, especially in pharmaceutical and agrochemical research. The boronic acid group enables it to form carbon-carbon bonds with aryl or vinyl halides, making it valuable for constructing biaryl structures. Its methoxy and cyano substituents further enhance its reactivity and selectivity in various chemical transformations. Additionally, it is employed in the development of advanced materials and as an intermediate in the synthesis of active pharmaceutical ingredients (APIs).