Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex biaryl compounds. These reactions are essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing carbon-carbon bonds. Additionally, it finds applications in the synthesis of heterocyclic compounds, which are important in drug discovery and material science. Its stability and reactivity make it a preferred choice in medicinal chemistry for designing biologically active molecules.