Used in organic synthesis as a key intermediate for cross-coupling reactions, particularly in Suzuki-Miyaura coupling, which is essential for creating complex biaryl structures in pharmaceuticals and agrochemicals. Its boronic ester group makes it valuable for constructing carbon-carbon bonds with high efficiency and selectivity. Also employed in the development of bioactive molecules and materials, such as sensors and polymers, due to its stability and reactivity. Additionally, it plays a role in medicinal chemistry for designing drug candidates targeting various diseases.