Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to create complex molecules for drug development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it finds applications in material science for the development of organic electronic materials and polymers. Its stability and reactivity also make it suitable for use in research and industrial processes requiring precise molecular assembly.