Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the development of pharmaceuticals. It plays a role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is essential for creating biologically active compounds. Its boronic acid group facilitates selective reactions, making it valuable in drug discovery and the synthesis of targeted therapies. Additionally, it is employed in the production of materials for chemical sensors due to its ability to interact with specific analytes.