Used primarily in cross-coupling reactions, this compound serves as a key boronic ester reagent in Suzuki-Miyaura coupling, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its stability and reactivity make it valuable for constructing biaryl structures found in active pharmaceutical ingredients. It is also employed in materials science for synthesizing organic semiconductors and liquid crystalline compounds due to its rigid cyclohexylphenyl moiety. The presence of the dioxaborolane group allows for efficient transmetalation under mild conditions, supporting applications in late-stage functionalization during drug development.