This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the construction of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating biaryl compounds. Additionally, it is employed in the development of liquid crystals and organic light-emitting diodes (OLEDs) due to its ability to form stable and functionalized aromatic systems. Its applications also extend to research in medicinal chemistry, where it is used to synthesize potential drug candidates with enhanced biological activity.