Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting specific enzymes or receptors. It plays a role in organic synthesis, especially in cross-coupling reactions such as the Suzuki-Miyaura coupling, where it facilitates the formation of carbon-carbon bonds. This compound is also employed in the preparation of boron-containing materials, which are useful in various industrial applications, including polymers and coatings. Additionally, it is utilized in research settings for studying boronic acid derivatives and their interactions with biological molecules.