Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a significant role in Suzuki-Miyaura cross-coupling reactions, which are widely employed in organic chemistry to form carbon-carbon bonds. This chemical is valuable in the production of complex molecules, including potential drug candidates for treating various diseases. Additionally, it is utilized in material science for creating advanced organic materials with specific electronic or structural properties. Its boronic ester group makes it a versatile building block in medicinal chemistry and drug discovery research.