Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex organic compounds. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This compound is valuable in developing drugs targeting specific biological pathways, as well as in constructing organic frameworks for material science applications. Its versatility makes it a crucial component in research and industrial chemistry.