Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create biaryl compounds, which are essential in pharmaceuticals and agrochemicals. Acts as a key intermediate in the production of complex organic molecules. Applied in material science for developing advanced polymers and coatings. Also utilized in medicinal chemistry for designing drug candidates targeting various diseases. Its boronic acid group enables selective binding to biomolecules, making it valuable in biochemical research and diagnostics.