Used extensively 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. Acts as a key intermediate in the development of active pharmaceutical ingredients (APIs) and fine chemicals. Its boronic acid group enables efficient coupling with aryl halides, making it a versatile reagent in medicinal chemistry for drug discovery and development. Also employed in the synthesis of advanced materials, such as organic light-emitting diodes (OLEDs) and liquid crystals, due to its ability to form stable carbon-carbon bonds.