Used in organic synthesis as a building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form biaryl compounds. Its boronic acid group enables efficient carbon-carbon bond formation, making it valuable in drug discovery and development. The presence of both bromo and hydroxy functional groups allows for selective modifications and further derivatization. Commonly employed in the preparation of kinase inhibitors and other bioactive molecules. Also utilized in materials science for constructing conjugated aromatic systems in electronic materials.