Used primarily in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These compounds are essential in pharmaceutical development, agrochemicals, and material science. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and fine chemicals. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing carbon-carbon bonds. Additionally, it is employed in the synthesis of fluorescent dyes and organic electronic materials.