Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create biaryl compounds. These reactions are essential in pharmaceuticals, agrochemicals, and materials science. The compound serves as a key intermediate for constructing complex molecules, including drug candidates and functional materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Applied in research and development for designing novel therapeutic agents, such as enzyme inhibitors or receptor modulators. Also utilized in the production of advanced polymers and electronic materials due to its ability to introduce specific functional groups into molecular structures.