Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These reactions are essential in pharmaceutical research for developing drug candidates. The compound’s boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing carbon-carbon bonds. It is also employed in material science for designing organic electronic materials and polymers. Its stability and reactivity make it a preferred choice in medicinal chemistry for synthesizing bioactive molecules.