Used primarily in organic synthesis as a versatile building block for the preparation of complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial for creating biologically active compounds. Its boronic acid functional group allows for selective interactions with various organic substrates, making it valuable in the design of enzyme inhibitors and receptor modulators. Additionally, it finds application in materials science for the synthesis of advanced polymers and functional materials.