Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound features both a bromo substituent and a boronate ester group, enabling sequential functionalizations for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. The boronate ester provides enhanced stability and reactivity, making it ideal for constructing biaryl compounds in drug development. The bromo group allows for additional substitutions in multi-step syntheses. Commonly employed in the preparation of active pharmaceutical ingredients (APIs) where precise carbon-carbon bond formation is required. Also utilized in materials science for designing organic semiconductors and functional polymers.