Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. This compound is often employed in the development of active pharmaceutical ingredients (APIs) and fine chemicals, contributing to the production of drugs targeting specific diseases. Its boronic acid group allows for efficient and selective coupling with aryl halides, making it a versatile tool in medicinal chemistry and drug discovery. Additionally, it finds applications in material science for the synthesis of advanced organic materials.