Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex molecules. Its boronic acid group makes it a versatile building block for creating biologically active compounds, including inhibitors and ligands for drug discovery. Additionally, it is employed in the development of materials for organic electronics and sensors due to its ability to modify and enhance molecular properties.