Used as a key reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its esterified structure enhances stability and handling compared to the free boronic acid, making it suitable for use in solid-phase synthesis and automated processes. Commonly employed in the preparation of conjugated aromatic systems for materials science, including organic semiconductors and liquid crystals. Also utilized in medicinal chemistry for constructing biaryl scaffolds found in bioactive molecules.