Used in Suzuki-Miyaura cross-coupling reactions as a key building block for synthesizing biaryl compounds in pharmaceutical and agrochemical research. Serves as a boronic acid reagent that enables carbon-carbon bond formation under mild conditions. Commonly employed in the development of organic semiconductors and fluorescent probes due to its extended aromatic structure and boron functionality. Also utilized in bioconjugation chemistry for labeling biomolecules and in the preparation of sensors for detecting diols and saccharides.