Used in organic synthesis as a key intermediate for the preparation of pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. Its boronic acid group facilitates the coupling with aryl halides, making it essential in the development of biologically active compounds. Additionally, it finds application in materials science for the synthesis of organic electronic materials and polymers. Its stability and reactivity make it a versatile reagent in medicinal chemistry for drug discovery and development.