Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These reactions are essential in pharmaceutical research for developing drug candidates. It serves as a boronic acid derivative, enabling the formation of carbon-carbon bonds in the presence of palladium catalysts. Its structure allows for selective functionalization, making it valuable in designing molecules with specific biological activities. Commonly employed in the production of intermediates for active pharmaceutical ingredients (APIs) and agrochemicals. Its stability and reactivity make it a preferred choice for constructing diverse chemical libraries in medicinal chemistry.