Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These compounds are valuable in pharmaceuticals, agrochemicals, and material science. Acts as a key intermediate in the development of drugs targeting various diseases. Also employed in the synthesis of advanced organic materials, such as polymers and liquid crystals, for electronic and optical applications. Its boronic acid group enables precise functionalization in chemical reactions, making it a versatile building block in research and industrial processes.