Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting various diseases. Plays a significant role in organic synthesis, especially in Suzuki-Miyaura cross-coupling reactions, which are essential for creating complex organic compounds. Applied in material science for the development of advanced polymers and electronic materials. Its boronic acid group makes it valuable in sensor technologies for detecting sugars and other biomolecules. Also utilized in the production of agrochemicals, contributing to the creation of more effective pesticides and herbicides.