Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the construction of complex organic molecules. Applied in the production of agrochemicals, where it serves as a building block for creating compounds with herbicidal or fungicidal properties. Also utilized in material science for the development of organic electronic materials, such as OLEDs, due to its ability to form stable conjugated systems. In research, it is employed as a reagent for studying enzyme inhibition and protein interactions, aiding in the discovery of new therapeutic targets.