Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create biaryl compounds. These compounds are essential in pharmaceuticals, agrochemicals, and materials science. Its boronic ester group facilitates efficient coupling with aryl halides, enabling the construction of complex molecular structures. Applied in the development of drugs, including potential anticancer and anti-inflammatory agents. Also utilized in the synthesis of organic electronic materials for devices like OLEDs. Its stability and reactivity make it a valuable tool in medicinal chemistry and material research.