Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of biologically active compounds. Plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. Applied in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and sensors. Also utilized in research for designing and optimizing boron-containing compounds with potential therapeutic applications.