Used as a key building block in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex biaryl compounds. Its boronic acid groups facilitate the formation of carbon-carbon bonds, making it valuable in the preparation of chiral ligands, organic semiconductors, and advanced materials. Particularly useful in asymmetric catalysis due to the binaphthyl backbone, which provides a rigid, chiral environment. Also employed in the development of sensors and functional polymers where precise molecular architecture is required.