Used in organic synthesis as a key intermediate for cross-coupling reactions, particularly Suzuki-Miyaura coupling, to construct complex organic molecules. It is valuable in the development of pharmaceuticals, agrochemicals, and organic materials. Its boronate ester group enables efficient formation of carbon-carbon bonds, making it essential in the synthesis of biaryl compounds. Also employed in the preparation of organic electronic materials, such as OLEDs and semiconductors, due to its ability to introduce dibenzofuran moieties, which enhance charge transport properties.