Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders and cancer. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic compounds. Additionally, it is employed in the production of agrochemicals, contributing to the development of pesticides and herbicides. Its boronic acid group makes it valuable in bioconjugation and molecular recognition applications, particularly in sensor technologies.