Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex biaryl compounds. These compounds are essential in pharmaceuticals, agrochemicals, and material science. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in drug discovery and development. Additionally, it plays a role in constructing organic electronic materials and catalysts. Its stability and reactivity make it a preferred choice in medicinal chemistry for designing bioactive molecules.