Used extensively in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the creation of diverse biaryl structures. Commonly employed in the development of drug candidates, it aids in the construction of molecules with potential therapeutic properties. Additionally, it finds application in material science for the preparation of organic electronic materials, where precise molecular architecture is crucial. Its stability and reactivity make it a valuable tool in organic synthesis and research.