Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. This reaction is widely employed in the pharmaceutical industry to create carbon-carbon bonds, enabling the synthesis of bioactive compounds and drug candidates. Its cyclobutyl and boronic acid groups make it a versatile building block for constructing diverse chemical structures, including heterocycles and aromatic systems. Additionally, it finds application in material science for the development of organic electronic materials and polymers. Its stability and reactivity make it a valuable tool in research and industrial processes.