Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for creating complex organic compounds. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in pharmaceuticals for synthesizing drug candidates. Additionally, it is employed in materials science for developing advanced polymers and electronic materials. Its specific structure allows for precise functionalization, enhancing its utility in designing molecules with tailored properties for research and industrial applications.