This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key intermediate for constructing complex organic molecules. Its boronate ester group allows for efficient coupling with aryl halides, enabling the formation of biaryl compounds, which are essential in pharmaceuticals, agrochemicals, and materials science. Additionally, it is employed in the development of advanced materials, such as organic light-emitting diodes (OLEDs) and liquid crystals, due to its ability to introduce aromatic aldehyde functionalities into molecular structures. Its stability and reactivity make it a valuable tool in medicinal chemistry for designing drug candidates and exploring structure-activity relationships.