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 agrochemicals and materials science, where it aids in creating advanced polymers and coatings. Its boronic acid group makes it valuable in bioconjugation and sensor development for detecting biological molecules.