Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its stabilized boronate ester form improves handling and shelf life compared to the free boronic acid. Commonly employed in the preparation of biaryl compounds, which serve as building blocks in drug development. Also utilized in materials science for creating conjugated systems in organic electronics due to its reliable reactivity and selectivity under palladium catalysis.