Used in organic synthesis as a building block for creating complex molecules, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It is valuable in pharmaceutical research for developing drug candidates due to its boronic acid functional group, which facilitates the formation of carbon-carbon bonds. Additionally, it is employed in materials science for designing advanced polymers and functional materials. Its stability and reactivity make it a useful reagent in medicinal chemistry for targeting specific biological pathways.