Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its aldehyde and boronate functional groups allow dual reactivity, making it valuable for constructing carbon-carbon bonds and designing bioactive compounds. Commonly employed in the development of fluorescent probes and sensors due to its ability to form conjugated systems with optical properties. Also utilized in materials science for creating organic semiconductors and functional polymers.