Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting inflammation and cancer. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the preparation of advanced materials, such as organic semiconductors and polymers, due to its stability and reactivity. Additionally, it serves as a boronating agent in organic synthesis, enabling the introduction of boron-containing functional groups into target molecules for further chemical transformations.