Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex organic molecules. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in pharmaceuticals and material science. Applied in the development of organic light-emitting diodes (OLEDs) due to its ability to form conjugated systems. Also utilized in the preparation of sensors and probes for detecting specific analytes in biochemical research. Its structural properties make it suitable for designing advanced polymers and liquid crystals.