Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely employed in pharmaceutical research to create carbon-carbon bonds, enabling the development of new drug candidates. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in the synthesis of biologically active compounds. Additionally, it is utilized in material science for designing advanced organic materials with specific electronic or optical properties.