Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its boronate ester structure enhances stability and handling compared to the free boronic acid, making it suitable for large-scale applications. Commonly employed in the preparation of bioactive compounds, including drug candidates containing biaryl or aryl-heteroaryl motifs. The methoxy and cyano groups allow further functionalization or serve as directing groups in subsequent transformations.