Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This chemical is also employed in the production of agrochemicals, contributing to the creation of herbicides and pesticides with enhanced efficacy. Additionally, it finds application in material science for the development of organic electronic materials, such as those used in OLEDs and organic photovoltaics. Its boronic acid group makes it valuable in sensing applications, particularly in the detection of sugars and other biologically relevant molecules.