Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex biaryl compounds in pharmaceutical and agrochemical development. Its esterified form enhances stability and handling compared to the free boronic acid, improving reaction efficiency and yield. Commonly applied in the preparation of active pharmaceutical ingredients (APIs) where precise carbon-carbon bond formation is required. Also utilized in the development of organic electronic materials due to its reliable coupling behavior under mild conditions.