Used in organic synthesis as a key intermediate for cross-coupling reactions, particularly in Suzuki-Miyaura coupling, to create complex biaryl structures. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it serves as a building block in materials science for designing organic electronic materials and polymers. Its stability and reactivity make it suitable for constructing diverse molecular frameworks in medicinal chemistry and advanced material applications.