Used in organic synthesis as a key intermediate for the preparation of various pharmaceutical compounds. It plays a role in Suzuki-Miyaura cross-coupling reactions, which are essential for creating carbon-carbon bonds in complex molecules. This chemical is particularly valuable in the development of drugs targeting specific biological pathways. Additionally, it is utilized in the production of advanced materials, such as polymers and liquid crystals, due to its boronic acid functionality. Its applications extend to research in medicinal chemistry, where it aids in the discovery of new therapeutic agents.