Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex molecules for pharmaceuticals and agrochemicals. It serves as a key intermediate in the development of drug candidates, especially in the synthesis of compounds with potential therapeutic effects. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing biaryl structures. Also employed in material science for designing organic electronic materials and polymers. Its unique structure allows for precise modifications, enhancing the performance of the final products.