Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group facilitates the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Additionally, it serves as a precursor in the development of liquid crystals and organic light-emitting diodes (OLEDs), contributing to advancements in display technologies. Its nitrile group also allows for further functionalization, making it versatile in the synthesis of various bioactive compounds and polymers.