Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. Its boronic acid group is essential for binding to biological targets, making it valuable in drug discovery and development. Additionally, it is utilized in the production of advanced materials and as a reagent in chemical research for studying reaction mechanisms.