Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors, which are important for treating various cancers. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the preparation of agrochemicals, contributing to the development of new pesticides and herbicides. Additionally, it is employed in material science for the creation of advanced organic materials with potential applications in electronics and optoelectronics. Its boronic acid group makes it valuable in sensing applications, particularly for detecting sugars and other biologically relevant molecules.