Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical industries. The boronic ester group enables efficient carbon-carbon bond formation under mild conditions, allowing for the construction of biaryl and substituted aromatic systems. Its carboxylic acid functionality provides a handle for further derivatization, such as amide formation or esterification, making it valuable in medicinal chemistry for designing drug candidates. Additionally, it is employed in materials science for developing organic semiconductors and functional polymers.