Widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block for constructing complex aromatic systems. Its boronate ester group enables efficient carbon-carbon bond formation with aryl halides, making it valuable in pharmaceutical and agrochemical research. The aldehyde functionality allows further derivatization, such as reduction to alcohols, conversion to imines, or participation in condensation reactions. This dual reactivity makes it a versatile intermediate in the development of bioactive molecules and functional materials.