Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical manufacturing. Its boron-containing structure facilitates efficient and selective coupling with aryl halides under palladium catalysis. Commonly applied in the development of complex aromatic systems found in bioactive molecules. Also utilized in the synthesis of functionalized heterocycles for materials science and medicinal chemistry due to its stability and reactivity profile.