Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biaryl compounds, particularly in pharmaceutical and agrochemical research. Its boronic acid functionality enables efficient carbon-carbon bond formation under mild conditions. The naphthalene scaffold enhances conjugation in final products, making it valuable in the development of organic electronic materials and fluorescent probes. Commonly employed in the preparation of ligands and functionalized aromatic systems for drug discovery and material science applications.