Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex biaryl compounds. These compounds are essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing carbon-carbon bonds. It is also employed in the synthesis of bioactive molecules and functional materials, contributing to research in medicinal chemistry and material science.