Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of biaryl compounds in pharmaceutical and agrochemical industries. Its cyclic ester structure enhances stability and handling compared to the free boronic acid, making it suitable for solid-phase synthesis and high-throughput screening. Commonly employed in the preparation of drug candidates containing pyridine motifs, especially in kinase inhibitors and CNS-active agents. Also utilized in materials science for constructing conjugated organic frameworks with electronic properties.