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 and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This compound is valuable in medicinal chemistry for designing drug candidates with potential therapeutic applications. Additionally, it is employed in material science for developing advanced materials with specific electronic or optical properties.