Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders and cancer. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the production of advanced materials, such as organic semiconductors and liquid crystals, which are essential for electronic devices and display technologies. Its boronic acid group allows for selective binding to biomolecules, making it valuable in biochemical research and diagnostic applications. Additionally, it is utilized in agrochemical research for the development of novel pesticides and herbicides.