This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex biphenyl structures, which are often found in pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds in drug development and material science. Additionally, it may be employed in the preparation of liquid crystals due to its biphenyl core, which is a common structural motif in display technologies. Its applications also extend to research in organic electronics and optoelectronics, where precise molecular design is critical.