Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic ester functionality makes it valuable in constructing complex molecules, such as pharmaceuticals, agrochemicals, and advanced materials. It is also employed in the development of organic electronic materials due to its ability to facilitate the creation of conjugated systems. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry for drug discovery and development. Its stability and reactivity make it a preferred choice in various catalytic and synthetic processes.