Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting various diseases. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the development of agrochemicals, contributing to the creation of pesticides and herbicides. Additionally, it finds application in material science for the preparation of advanced polymers and coatings. Its boronic acid group makes it valuable in sensor technology for detecting sugars and other biologically relevant molecules.