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 stabilized boronate ester structure enhances shelf life and handling compared to the free boronic acid, while still efficiently participating in palladium-catalyzed couplings to form biaryl compounds. Commonly employed in the development of drug candidates where aryl-aryl bonds are required, especially in late-stage functionalization due to its tolerance of various functional groups. Also utilized in materials science for constructing conjugated systems in organic electronics.