Used primarily in cross-coupling reactions, this compound serves as a key building block in the synthesis of pharmaceuticals and agrochemicals. Its boron-containing group enables efficient Suzuki-Miyaura coupling, allowing the formation of biaryl structures that are common in active pharmaceutical ingredients. It is also employed in the development of organic electronic materials, such as OLEDs and semiconductors, due to its ability to modify electron transport properties. The pyridine ring enhances binding selectivity in medicinal chemistry applications, making it valuable in drug discovery for targeting specific enzymes or receptors.