Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its aldehyde and boronate functional groups allow dual reactivity, enabling sequential transformations to build aromatic frameworks. Commonly employed in the preparation of biaryl compounds and conjugated systems found in functional materials and bioactive compounds. Its stability and reactivity make it valuable in medicinal chemistry for constructing drug-like molecules with specific substitution patterns.