Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in pharmaceutical research for creating complex molecules. Also employed in the development of polymers and advanced materials, where its reactivity aids in constructing tailored molecular structures. Additionally, it serves as a building block in agrochemical production, contributing to the synthesis of active ingredients in pesticides and herbicides. Its stability and versatility make it a preferred choice in various industrial and laboratory applications.