Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the production of complex organic molecules. Its boronate ester group facilitates efficient coupling with aryl halides, making it essential in the development of drugs, materials, and fine chemicals. Additionally, it finds application in the synthesis of advanced materials, such as OLEDs and organic semiconductors, due to its ability to introduce aromatic amine functionalities.