Used primarily in organic synthesis as a boronic ester coupling partner in Suzuki-Miyaura cross-coupling reactions. It enables the formation of carbon-carbon bonds, particularly in the construction of biaryl and aryl ketone frameworks found in pharmaceuticals and functional materials. The presence of the ketone group allows for further derivatization, making it valuable in the development of complex organic molecules, including drug intermediates and bioactive compounds. Its stability and reactivity profile make it suitable for use in both research and industrial settings.