Used primarily in organic synthesis, this compound serves as a versatile building block for the preparation of complex molecules. It is particularly valuable in cross-coupling reactions, such as Suzuki-Miyaura coupling, where it facilitates the formation of carbon-carbon bonds. This makes it essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group allows for selective functionalization, enabling the creation of tailored compounds with specific properties. Additionally, it finds applications in the synthesis of heterocyclic compounds, which are often key components in drug discovery and material science.