Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These reactions are essential in pharmaceuticals, agrochemicals, and material science. The compound acts as a key intermediate in producing active pharmaceutical ingredients (APIs) and fine chemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in constructing molecular frameworks. Additionally, it is employed in research for developing new drugs and organic materials due to its reactivity and stability in various conditions.