Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the development of pharmaceuticals. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial for creating biologically active compounds. This chemical is often employed in the research and production of drugs targeting various diseases, including cancer and infectious diseases. Its boronic acid group makes it valuable for designing enzyme inhibitors, especially in proteasome and kinase-targeted therapies. Additionally, it is utilized in material science for developing advanced organic materials with specific electronic or optical properties.