Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely applied in the pharmaceutical industry to create complex biaryl compounds, which are essential in drug development. It also serves as a building block in the production of agrochemicals and materials science, enabling the creation of advanced polymers and organic electronics. Its boronic acid group facilitates efficient and selective coupling with various aryl halides, making it valuable in the synthesis of bioactive molecules and functional materials.