Used primarily as a building block in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group reacts efficiently with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research. The nitrile and chloro functionalities allow for further derivatization, offering versatility in creating target molecules such as bioactive compounds or functional materials. It is especially useful in medicinal chemistry for constructing biaryl scaffolds found in drug candidates.