Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. 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 utilized in the production of advanced materials, such as organic light-emitting diodes (OLEDs), due to its boronic ester functionality. Its stability and reactivity make it valuable in medicinal chemistry for designing targeted therapies and in materials science for creating high-performance electronic devices.