Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biaryl compounds in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation under mild conditions. Commonly applied in the development of organic semiconductors and functional materials due to its stable cyclic ketone and boronic ester functionality. Also utilized in medicinal chemistry for building complex polycyclic structures found in bioactive molecules.