Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex biaryl compounds. These compounds are essential in pharmaceuticals, agrochemicals, and materials science. It also serves as a building block for developing active pharmaceutical ingredients (APIs) and fine chemicals. Its boronic acid group enables selective functionalization, making it valuable in drug discovery and development. Additionally, it is employed in the preparation of ligands for catalysis and in the synthesis of advanced materials like organic semiconductors.