Used in organic synthesis as a key intermediate for the preparation of pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is essential for creating complex organic molecules. The compound’s boronate ester group enhances its reactivity and selectivity in these reactions. Additionally, it serves as a building block in the development of advanced materials, such as organic semiconductors and polymers, due to its ability to introduce functional groups into aromatic systems. Its applications also extend to the field of medicinal chemistry, where it is utilized in the synthesis of drug candidates targeting various diseases.