Used as a key intermediate in organic synthesis, particularly in the formation of complex bipyridine derivatives. It plays a significant role in cross-coupling reactions, such as Suzuki-Miyaura coupling, to create biaryl compounds widely used in pharmaceuticals and materials science. Its boron-containing structure makes it valuable for constructing functionalized molecules in medicinal chemistry, including drug candidates and bioactive compounds. Additionally, it is employed in the development of ligands for catalysis and coordination chemistry, aiding in the creation of metal-organic frameworks (MOFs) and other advanced materials. Its versatility also extends to applications in fluorescent probes and sensors for detecting metal ions or biomolecules.