Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Particularly valuable in pharmaceutical and agrochemical industries for constructing biaryl compounds. Its boronate ester group facilitates mild and selective coupling with aryl halides, making it ideal for late-stage functionalization in drug development. Also employed in materials science for creating organic semiconductors and luminescent compounds due to its stable aromatic framework and efficient reactivity.