The present disclosure relates to polycrystalline cubic boron nitride (PCBN) with enhanced impact-resistance and wear-resistance and a method for producing the PCBN. According to the present disclosure, producing the polycrystalline cubic boron nitride with one or more kinds of protrusion-shaped borides formed on the cubic boron nitride surface may inhibits the development of cracks along the surfaces of the cubic boron nitride particles and binders, thereby to improve the impact-resistance and wear-resistance. In this way, the life-span of the machining tools may be enhanced. Further, the polycrystalline cubic boron nitride may have at least one kind of a compound composed of at least two selected from the group consisting of BN, Ti, W, Co, Zr, and Si as formed during sintering. This may allow the PCBN to have high bonding strength between the cubic boron nitride and the binder.