Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex biaryl compounds. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for constructing carbon-carbon bonds. Additionally, it is utilized in the development of fluorescent probes and sensors due to its ability to interact with specific biological molecules. Its stability and reactivity make it a preferred choice in medicinal chemistry for designing drug candidates targeting various diseases.