Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic compounds, including pharmaceuticals and agrochemicals. It acts as a boronic acid reagent in the formation of carbon-carbon bonds, particularly in the production of biaryl compounds. Its sterically hindered structure enhances selectivity in coupling reactions. Applied in material science for creating advanced polymers and organic electronic materials. Also utilized in medicinal chemistry for drug discovery and development, particularly in constructing biologically active molecules.