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 employed in the production of bioactive compounds for research in medicinal chemistry. Its boronic acid group allows for versatile applications in drug discovery and material science. Additionally, it is utilized in the preparation of advanced materials with potential applications in organic electronics and sensors.