Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the development of complex organic molecules. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it essential in the production of biologically active compounds, such as drug candidates targeting specific diseases. Additionally, its structure allows for further functionalization, contributing to the design of novel materials and chemical entities.