Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boron-containing structure allows for efficient and selective coupling with aryl halides under mild conditions. Commonly employed in the preparation of biaryl compounds, which are structural motifs in many bioactive molecules and functional materials. Stable and easy to handle, making it suitable for large-scale industrial applications in drug development and organic electronics.