Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex organic compounds. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and organic materials. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable in constructing carbon-carbon bonds. Additionally, it is employed in the development of conjugated polymers and organic electronic materials, contributing to advancements in optoelectronics and sensor technologies.