Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules, particularly in pharmaceuticals and agrochemicals. Its boronate ester group facilitates palladium-catalyzed coupling with aryl halides, making it valuable in drug discovery and materials science. Commonly employed in the preparation of functionalized biphenyl derivatives and conjugated aromatic systems for use in organic electronics and medicinal chemistry.