Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biaryl compounds in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in the development of complex organic molecules, particularly in drug discovery and materials science. Commonly employed in the preparation of urea-based bioactive compounds with potential antitumor, anti-inflammatory, or kinase inhibitory activities. Also utilized in the construction of conjugated systems for optoelectronic materials due to its structural stability and reactivity.