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 for complex organic molecules. This compound is also employed in the production of agrochemicals, contributing to the creation of herbicides and pesticides. Its boronic acid group makes it valuable in organic synthesis and material science, particularly in the design of advanced polymers and sensors.