Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form biaryl compounds. Its aldehyde and boronic acid functional groups allow for sequential transformations, enabling the construction of complex organic molecules. Commonly employed in medicinal chemistry for developing kinase inhibitors and other bioactive compounds. Also utilized in the preparation of fluorescent probes and sensors due to the reactivity of the formyl group in condensation reactions.