Used as a key intermediate in the synthesis of complex organic compounds, particularly in pharmaceutical research. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial for developing drug molecules and bioactive compounds. Its boronic acid group allows for selective and efficient coupling with various aryl halides, making it valuable in creating diverse chemical structures. Additionally, it is employed in materials science for designing advanced polymers and functional materials with specific properties. Its versatility and reactivity make it a valuable tool in both medicinal chemistry and industrial applications.