Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These compounds are valuable in pharmaceuticals, agrochemicals, and material science. It serves as a key intermediate in the development of bioactive molecules and advanced materials. Its boronate ester group facilitates efficient and selective coupling with aryl halides, making it a versatile building block in medicinal chemistry and drug discovery. Additionally, it is employed in the synthesis of fluorescent dyes and sensors due to its unique electronic properties.