Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely utilized method for forming carbon-carbon bonds. This makes it valuable in the development of complex organic molecules, particularly in drug discovery and material science. Additionally, it is employed in the synthesis of biologically active compounds, including inhibitors and receptor modulators, due to its ability to interact with specific enzyme sites. Its stability and reactivity also make it suitable for use in the production of advanced materials, such as polymers and sensors.