Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create biaryl compounds, which are essential in pharmaceuticals and materials science. Acts as a key intermediate in the production of liquid crystals for display technologies. Also employed in the development of organic light-emitting diodes (OLEDs) and other electronic materials. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in constructing complex organic molecules.