Widely used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block in the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its boronic ester group offers enhanced stability and reactivity, making it ideal for constructing carbon-carbon bonds under palladium catalysis. It is frequently employed in the development of fluorinated biaryl compounds, which are important motifs in drug discovery due to their improved metabolic stability and bioavailability. Additionally, it is used in materials science for creating functionalized aromatic systems in organic electronics.