Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. This reaction is essential in the pharmaceutical industry for creating carbon-carbon bonds, enabling the development of drugs and bioactive compounds. It also finds application in materials science for designing organic electronic materials and polymers. Its boronic acid group allows for versatile functionalization, making it valuable in the production of sensors and molecular recognition systems. Additionally, it is employed in research for studying enzyme inhibitors and other biologically active molecules.