Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient and selective coupling with aryl halides under mild conditions. Commonly employed in the preparation of biaryl compounds, which are structural motifs in active pharmaceutical ingredients and functional materials. Stable and easy to handle, making it suitable for large-scale applications in drug development and organic synthesis.