Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and organic materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in drug discovery and material science. Additionally, it is employed in the development of conjugated polymers and electronic materials due to its ability to facilitate π-conjugation.