The most common and most likely answer to this crossword clue is the 8 letter word BLUE-SKY
I've seen this crossword clue in Independent
B
L
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More clues leading to the result BLUE-SKY
Buddy explains!

The straight part
We know that "Visionary" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case visionary = blue-sky.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
Crossword Answer definitions
BLUE-SKY adjective- Unrealistic or impractical.
- Of no immediate practical application.
- To engage in blue-sky thinking about.