Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex molecules for pharmaceuticals and agrochemicals. It serves as a key intermediate in the development of biologically active compounds, enabling the formation of carbon-carbon bonds efficiently. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in constructing diverse chemical structures. Applied in research for drug discovery, it aids in synthesizing potential therapeutic agents targeting various diseases. Also utilized in material science for designing advanced organic materials with specific electronic or optical properties.