Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its boron-containing structure allows for efficient carbon-carbon bond formation under mild conditions. The compound is valued for its stability and reactivity profile, making it suitable for constructing biaryl systems found in active pharmaceutical ingredients. It also finds use in materials science for developing organic electronic materials due to its ability to introduce specific aromatic motifs.