Widely used in Suzuki-Miyaura cross-coupling reactions, it serves as a key intermediate in the synthesis of complex organic compounds, particularly in pharmaceuticals and agrochemicals. Its boronic ester group facilitates efficient coupling with aryl halides, enabling the creation of biaryl structures essential in drug development. Additionally, it is employed in the preparation of pyridine derivatives, which are crucial in designing molecules with biological activity. Its stability and reactivity make it a valuable tool in medicinal chemistry for constructing diverse chemical libraries.