Used in Suzuki-Miyaura cross-coupling reactions, this chemical acts as a key intermediate in the synthesis of biaryl compounds, which are important in pharmaceuticals and agrochemicals. It is particularly valuable in the production of complex organic molecules, including potential drug candidates. The compound’s boronic acid group facilitates the formation of carbon-carbon bonds, making it essential in organic synthesis. Additionally, it is employed in material science for creating advanced polymers and organic electronic materials. Its stability and reactivity make it a preferred choice in various research and industrial applications.