Used primarily in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for constructing complex organic molecules. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. It also finds application in the development of liquid crystal compounds, contributing to the creation of display technologies. Additionally, its stability and reactivity make it suitable for use in research and development of new chemical entities.