Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex biaryl compounds in pharmaceutical and agrochemical research. It plays a role in creating carbon-carbon bonds, essential for developing active pharmaceutical ingredients (APIs) and fine chemicals. Its boronic acid group facilitates selective coupling with aryl halides, making it valuable in organic synthesis and drug discovery. Also employed in material science for designing functionalized organic molecules with specific electronic or structural properties.