Used in Suzuki-Miyaura cross-coupling reactions as a key building block for synthesizing biaryl compounds in pharmaceutical and agrochemical research. Its boronate ester group enables efficient and selective coupling with aryl halides under mild conditions. Commonly employed in the development of drug candidates, especially in constructing molecules with aromatic frameworks. Also utilized in materials science for creating conjugated organic systems and in bioconjugation for labeling biomolecules due to its stability and reactivity profile.