Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of complex organic molecules, particularly in pharmaceutical and agrochemical research. Its dual ester-functionalized structure allows for further derivatization, enabling the construction of highly functionalized biaryl compounds. Commonly employed in the development of specialty polymers and liquid crystals due to its ability to introduce rigid, polar moieties into molecular frameworks. Also utilized in medicinal chemistry for building blocks in drug discovery, where the boronic acid group facilitates selective transformations and the ester groups can be hydrolyzed or reduced to tailor solubility and bioactivity.