Used in organic synthesis as a key intermediate for the preparation of pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex molecules. Its boronic acid group makes it a versatile building block for creating biaryl compounds, which are essential in drug discovery and development. Additionally, it is employed in the production of heterocyclic compounds, which are widely used in medicinal chemistry for their biological activity.