Used in Suzuki-Miyaura cross-coupling reactions as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its boronic acid functionality enables efficient carbon-carbon bond formation under mild conditions, making it valuable for constructing biaryl compounds. Commonly employed in the development of drug candidates where substituted phenyl rings are required for biological activity. Also utilized in materials science for creating organic semiconductors and functional polymers due to its stability and reactivity profile.