Used primarily in organic synthesis as a boronic ester coupling partner in Suzuki-Miyaura cross-coupling reactions. It enables the formation of carbon-carbon bonds, particularly for constructing biaryl or aryl ketone frameworks found in pharmaceuticals, agrochemicals, and functional materials. The presence of the ketone group allows for further derivatization, making it a versatile intermediate in medicinal chemistry and the development of complex organic molecules. Its stability and reactivity profile make it suitable for use in both research and industrial-scale syntheses.