Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its boronic ester structure enhances stability and handling compared to free boronic acids, making it suitable for large-scale applications. Commonly employed in the preparation of biaryl compounds, which serve as building blocks for drugs, liquid crystals, and functional materials. Also utilized in the development of sensors and molecular probes due to its selective reactivity with diols and peroxides.