Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boron-containing group facilitates mild and selective coupling with aryl halides, making it valuable in the development of complex organic molecules, including active pharmaceutical ingredients (APIs). Commonly employed in medicinal chemistry for constructing biaryl systems found in drug candidates. Also utilized in materials science for synthesizing conjugated organic frameworks and functionalized heterocycles used in electronic devices.