Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex biaryl compounds in pharmaceutical research. It is particularly valuable in creating drug candidates with enhanced biological activity. Also employed in material science for developing organic electronic materials, such as OLEDs, due to its ability to form stable carbon-carbon bonds. Its boronic acid group allows for precise functionalization in organic synthesis, making it a versatile building block for various chemical transformations.