Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of biaryl compounds widely applied in pharmaceuticals and organic materials. It serves as a boronic acid derivative in the production of complex organic molecules, particularly in drug development for targeting specific biological pathways. Its role in creating carbon-carbon bonds makes it valuable in agrochemical research for developing new pesticides and herbicides. Additionally, it is utilized in material science for designing advanced polymers and organic electronics. Its stability and reactivity make it a preferred choice in fine chemical synthesis and industrial applications.