Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the production of bioactive compounds for research in medicinal chemistry, aiding in the discovery of new therapeutic agents. Its boronic acid group makes it valuable in sensor development for detecting sugars and other biomolecules. Additionally, it is employed in material science for creating advanced polymers and coatings with specific functional properties.