Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to construct biaryl compounds which are common scaffolds in pharmaceuticals and agrochemicals. Its boronic acid group enables efficient carbon-carbon bond formation under mild conditions. Commonly employed in the development of drug candidates involving imidazole and aromatic ring systems, especially in medicinal chemistry research targeting kinase inhibitors and bioactive molecules. Also utilized in the synthesis of fluorescent probes and functional materials due to its stable boronate ester formation and compatibility with diverse reaction conditions.