Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These compounds are valuable in pharmaceutical research for developing drug candidates. The boronic acid group enables efficient coupling with aryl halides, making it a versatile building block in medicinal chemistry. Additionally, it aids in the synthesis of materials for organic electronics and advanced polymers. Its structure allows for precise modifications, enhancing its utility in designing molecules with specific biological or physical properties.