Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex biaryl compounds in pharmaceutical and agrochemical industries. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in creating active pharmaceutical ingredients (APIs) and organic materials. Also employed in the development of fluorescent dyes and sensors due to its ability to interact with specific molecules. Its halogenated structure enhances reactivity, making it suitable for further functionalization in organic synthesis.