Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of more complex molecules, particularly in the pharmaceutical industry. It is often employed in Suzuki-Miyaura cross-coupling reactions, which are pivotal for creating carbon-carbon bonds in the development of drugs and bioactive compounds. Its unique structure, featuring both boronic acid and formyl groups, allows for versatile reactivity, making it valuable in the design of targeted therapies and advanced materials. Additionally, it finds applications in the production of agrochemicals and specialty chemicals, where its functional groups enable precise modifications to enhance efficacy and performance.