Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of biaryl compounds in pharmaceutical and agrochemical research. Applied in the development of fluorescent probes and sensors for detecting biological molecules due to its boronic ester functionality. Employed in organic synthesis for constructing complex molecules, particularly in the production of active pharmaceutical ingredients (APIs). Utilized in material science for modifying surfaces and creating advanced polymers with specific properties. Serves as a building block in medicinal chemistry for designing and optimizing drug candidates targeting various diseases.