Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex molecules for pharmaceuticals and agrochemicals. Acts as a key intermediate in the production of active pharmaceutical ingredients (APIs) and fine chemicals. Its boronic acid group enables efficient bond formation with aryl halides, making it valuable in constructing carbon-carbon bonds. Commonly applied in the development of drugs targeting various diseases, including cancer and inflammation. Also utilized in material science for designing advanced organic materials with specific electronic properties.