This chemical is widely utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a crucial building block for creating complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the development of fluorescent dyes and sensors due to its aromatic structure, which can enhance optical properties. Its stability and reactivity make it a valuable reagent in medicinal chemistry for designing drug candidates and bioactive compounds.