Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the production of agrochemicals, contributing to the creation of novel pesticides and herbicides. Its boronic acid group makes it valuable in biochemical research for developing sensors and probes to detect specific analytes. Additionally, it is utilized in material science for designing advanced polymers and coatings with tailored properties.