Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These compounds are valuable in pharmaceuticals, agrochemicals, and materials science. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs) and other fine chemicals. Its boronic acid group enables efficient coupling with aryl halides, making it a versatile building block in drug discovery and development. Additionally, it may be employed in the production of advanced materials, such as polymers or liquid crystals, where specific structural properties are required.