Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. This compound is valuable in the development of drugs targeting various diseases, including cancer and infectious diseases. Additionally, it finds application in the synthesis of biologically active compounds and materials for research in medicinal chemistry. Its boronic acid group allows for versatile functionalization, making it a useful building block in drug discovery and development.