Used primarily in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound acts as a key intermediate for creating complex organic molecules. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in pharmaceutical research for developing drugs and bioactive compounds. Additionally, it finds application in material science, contributing to the synthesis of organic semiconductors and advanced polymers. Its role in constructing conjugated systems is crucial for creating materials with specific electronic properties, useful in optoelectronics and sensors.