This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for creating carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester group acts as a key intermediate, enabling the introduction of biphenyl structures into complex molecules. It is also employed in the development of organic light-emitting diodes (OLEDs) and other electronic materials due to its ability to enhance stability and performance. Additionally, it serves as a building block in the synthesis of polymers and liquid crystals, contributing to their unique properties.