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 Suzuki-Miyaura coupling, allowing efficient formation of carbon-carbon bonds with aryl or heteroaryl halides. This makes it valuable in drug discovery for constructing complex nitrogen-containing heterocyclic systems. It is also employed in materials science for developing organic electronic materials, such as those used in OLEDs and semiconductors, due to its ability to introduce pyridine-based scaffolds with tailored electronic properties.