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 aldehyde and boronate functional groups allow dual reactivity, enabling sequential transformations to build aromatic frameworks. Commonly employed in the preparation of photoactive compounds, sensors, and conjugated materials for organic electronics. Also utilized in medicinal chemistry for constructing biologically active scaffolds where selective carbon-carbon bond formation is required.