Used primarily in cross-coupling reactions, this compound serves as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. Its boron-containing group enables efficient Suzuki-Miyaura coupling, allowing the formation of carbon-carbon bonds under mild conditions. It is especially valuable in the preparation of complex aromatic amines found in bioactive molecules. Due to the stability and reactivity of the boronate ester, it is widely employed in medicinal chemistry for late-stage functionalization of aromatic systems. Additionally, it finds use in materials science for constructing conjugated organic frameworks used in optoelectronic devices.