Used in Suzuki-Miyaura cross-coupling reactions as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in constructing complex organic molecules, especially in drug discovery and development. Commonly employed in the preparation of biaryl compounds and heterocyclic systems found in active pharmaceutical ingredients. Also applied in materials science for creating organic electronic materials due to its stability and reactivity profile.