Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical industries. Its esterified form enhances stability and handling compared to the free boronic acid, improving shelf life and reaction reproducibility. Commonly employed in the preparation of biaryl compounds, which are structural motifs in active pharmaceutical ingredients. Also utilized in materials science for constructing conjugated systems in organic electronics due to its reliable reactivity and compatibility with various functional groups.