Used extensively in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block in the synthesis of complex organic molecules, particularly in pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are prevalent in many active drug compounds. Additionally, it is employed in material science for the development of organic electronic materials, such as OLEDs, due to its ability to form stable conjugated systems. The phenyl and pyridine moieties further enhance its utility in designing molecules with specific electronic and structural properties.