Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of complex molecules, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It facilitates the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables selective and efficient reactions with various organic substrates, enhancing the synthesis of biologically active compounds and functionalized materials. Additionally, it is employed in research for designing and optimizing novel chemical entities with potential therapeutic applications.