Widely used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key reagent for forming carbon-carbon bonds in organic synthesis. Its boronate ester group readily transmetallates with palladium catalysts, enabling efficient coupling with aryl or vinyl halides. It is particularly valuable in the preparation of biaryl structures, which are common motifs in pharmaceuticals, agrochemicals, and functional materials. Due to the presence of the iodophenyl group, it also allows for further functionalization through additional cross-coupling or substitution reactions. Its stability and reactivity profile make it a preferred choice in multi-step synthetic routes where chemoselectivity and compatibility with various functional groups are essential.