Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex molecules for pharmaceuticals and agrochemicals. It serves as a key intermediate in the development of biologically active compounds, including potential drugs targeting various diseases. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing carbon-carbon bonds. Applied in research for designing new materials and catalysts, contributing to advancements in medicinal chemistry and material science.