Used in organic synthesis as a building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of biaryl compounds which are important in pharmaceuticals and agrochemicals. Its structure allows for the introduction of nitro-containing aromatic systems into complex molecules, useful in the development of dyes, liquid crystals, and bioactive compounds. The boronic acid group provides stability and selectivity in coupling reactions, making it valuable in medicinal chemistry and materials science.