Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals and agrochemicals. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex molecules. Additionally, it is employed in the preparation of novel materials, particularly in the field of coordination polymers and metal-organic frameworks, due to its ability to act as a ligand for metal ions. Its structural features also make it a candidate for research in drug discovery, particularly in targeting enzymes or receptors with high specificity.