Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. Applied in the production of agrochemicals, contributing to the creation of herbicides and pesticides with enhanced efficacy. Utilized in material science for the development of advanced polymers and coatings with improved stability and performance. Also employed in research laboratories for the preparation of boron-containing compounds, which are essential in various chemical and biochemical studies.