Used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, to create complex organic compounds. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and organic materials. Its boronic acid group enables efficient bond formation with aryl halides, making it valuable in constructing carbon-carbon bonds. Also employed in the development of organic electronic materials, such as OLEDs and semiconductors, due to its aromatic structure and stability.