Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the production of biologically active compounds, contributing to drug discovery and medicinal chemistry research. Its boronic acid group facilitates selective binding to specific targets, making it valuable in the design of enzyme inhibitors and receptor modulators. Additionally, it is employed in the preparation of advanced materials and agrochemicals, showcasing its versatility in various industrial applications.