Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the production of agrochemicals, contributing to the creation of new pesticides and herbicides. Additionally, it is employed in material science for the development of organic electronic materials, such as OLEDs and semiconductors. Its boronic acid group makes it valuable in sensor technologies for detecting sugars and other biological molecules.