Used as a key reagent in Suzuki-Miyaura cross-coupling reactions, this compound facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group acts as a versatile handle for coupling with aryl halides, making it valuable in the production of biaryl compounds. Additionally, it serves as a building block in material science for creating advanced polymers and organic electronic materials. Its application extends to the development of fluorescent probes and sensors due to its ability to interact with specific biological targets.