Used in organic synthesis as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Its boronate ester group facilitates efficient coupling with aryl halides under palladium catalysis, making it valuable in the preparation of complex aromatic compounds. Commonly employed in medicinal chemistry for constructing biaryl scaffolds found in bioactive molecules. Also applied in materials science for synthesizing conjugated systems in organic electronics.