Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions, which are essential for creating pharmaceuticals and advanced materials. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in drug discovery and development. Also employed in the preparation of biologically active compounds, such as enzyme inhibitors and receptor ligands, due to its ability to interact with specific biological targets. Additionally, it finds use in material science for designing functional polymers and organic electronic components.