Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It is valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial for constructing biologically active compounds. Additionally, it serves as a boron-containing building block in the synthesis of boron-based drugs and materials, leveraging its stability and reactivity in various chemical transformations.