Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. Applied in the production of advanced materials, such as organic light-emitting diodes (OLEDs), due to its ability to modify electronic properties. Also utilized in agrochemical research for creating novel compounds with potential pesticidal or herbicidal activity. Its boronic acid group makes it valuable in sensor development for detecting sugars and other biologically relevant molecules.