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. The compound's boronic acid group enables efficient coupling with aryl halides, while the formyl group allows further functionalization. It also serves as a building block in materials science for designing advanced polymers and sensors. Its unique structure makes it valuable in creating fluorescent probes and other diagnostic tools. Additionally, it's applied in agrochemical research for developing novel pesticides and herbicides.