This chemical is primarily used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed in the pharmaceutical and materials science industries to form carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its biphenyl structure and boronate ester group make it valuable for constructing aromatic compounds, which are essential in developing drugs, agrochemicals, and advanced materials. Additionally, it serves as a building block in the preparation of conjugated polymers and organic electronic materials, contributing to innovations in organic light-emitting diodes (OLEDs) and other optoelectronic devices.