Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its functional groups enable selective transformations, making it valuable in constructing biaryl compounds and drug-like scaffolds. Commonly employed in the development of active pharmaceutical ingredients (APIs) where aryl boronic acid derivatives are needed for carbon-carbon bond formation. Also applied in materials science for designing organic semiconductors and conjugated polymers.