Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biaryl compounds in pharmaceutical and agrochemical industries. Its boronic acid group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in drug discovery and development of functional materials. Commonly employed in the preparation of potent bioactive molecules, including antifungal, anti-inflammatory, and anticancer agents. Also utilized in the construction of complex aromatic frameworks found in advanced organic materials.