Used primarily in organic synthesis as a boronic ester coupling partner in Suzuki-Miyaura cross-coupling reactions. It enables the formation of biaryl and aryl-carbonyl frameworks, which are common structural motifs in pharmaceuticals, agrochemicals, and functional materials. The presence of the ketone group allows for further derivatization, making it a versatile intermediate in multi-step syntheses. Its stability and reactivity profile make it suitable for use in both academic research and industrial drug discovery processes.