Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Particularly valuable in pharmaceutical and agrochemical industries for constructing biaryl compounds. Its boron-containing structure allows for mild and selective coupling with aryl halides, making it useful in late-stage functionalization of drug candidates. Also employed in materials science for developing organic electronic materials due to its stability and reactivity profile.