Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound acts as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the creation of diverse biaryl structures. It is also employed in the development of organic electronic materials, where its structural properties contribute to the design of advanced polymers and small molecules for use in OLEDs and other electronic devices. Additionally, it finds application in the preparation of ligands for catalysis, enhancing the efficiency of various chemical transformations.