Used as a key intermediate in the synthesis of complex organic compounds, particularly in the pharmaceutical industry. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which are essential for creating biologically active molecules. Its boronic acid group makes it highly reactive and suitable for constructing diverse drug candidates, especially in the development of kinase inhibitors and other therapeutic agents. Additionally, it is utilized in materials science for designing advanced polymers and functional materials.