Used as a key intermediate in the synthesis of complex organic compounds, particularly in the field of medicinal chemistry. It plays a crucial role in cross-coupling reactions, such as Suzuki-Miyaura reactions, to form biaryl structures, which are essential in developing pharmaceuticals and agrochemicals. Its boronic acid group enables efficient conjugation with various organic molecules, making it valuable in creating targeted drug candidates. Additionally, it is employed in material science for designing organic electronic materials and sensors due to its ability to facilitate precise molecular assembly.