Used primarily in cross-coupling reactions, this compound serves as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. Its boronate ester group enables Suzuki-Miyaura coupling, allowing efficient formation of carbon-carbon bonds with aryl or heteroaryl halides. This makes it valuable in constructing complex nitrogen-containing heterocycles found in bioactive molecules. It is also employed in materials science for creating organic semiconductors and functional polymers due to its ability to introduce pyridine moieties into larger conjugated systems.