Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex molecules. It is also utilized in the development of bioactive compounds and in research for drug discovery, where its unique structure contributes to the creation of targeted therapeutic agents. Additionally, it finds applications in the preparation of functionalized aromatic compounds used in material science and chemical sensing.