Used primarily in cross-coupling reactions, this compound serves as a key reagent in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical industries. Its boron-containing group enables efficient Suzuki-Miyaura coupling, allowing the formation of biaryl and heteroaryl structures that are common in active pharmaceutical ingredients. Due to the presence of the dihydropyridine and bipyridine motifs, it also finds use in the development of ligands for catalysis and in materials science for constructing functional organic frameworks. Its stability and reactivity profile make it suitable for late-stage functionalization in drug discovery, where precise molecular modifications are critical.