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 boronate ester groups allow for multiple functional transformations, making it valuable in drug discovery and materials science. Commonly employed in the development of kinase inhibitors and other bioactive molecules. Also utilized in the synthesis of conjugated organic materials for electronic applications such as OLEDs and semiconductors.