Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in drug discovery and medicinal chemistry. Additionally, it is employed in the production of bioactive compounds and agrochemicals, contributing to advancements in therapeutic and agricultural research.