Used in organic synthesis as a key intermediate for the preparation of pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the production of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it essential for creating biologically active compounds. Additionally, it is utilized in the development of materials for organic electronics due to its ability to form stable conjugated systems. Its tert-butyl group enhances steric stability, improving selectivity in catalytic processes.