This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for creating biaryl structures. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it serves as a building block in the synthesis of complex organic molecules, including polymers and materials with specific electronic properties. The formyl group further allows for functionalization, making it versatile in designing compounds for applications in catalysis, sensors, and advanced materials. Its role in medicinal chemistry is notable, as it aids in the development of targeted therapies and bioactive molecules.