Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex molecules for pharmaceuticals and materials science. Acts as a key intermediate in the production of active pharmaceutical ingredients (APIs) and fine chemicals. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing biaryl compounds. Applied in drug discovery for developing compounds with potential therapeutic effects. Also utilized in the synthesis of organic electronic materials, contributing to advancements in optoelectronics and sensors.