Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is valuable in the production of agrochemicals, contributing to the creation of herbicides and pesticides. It is also employed in material science for the design of advanced polymers and functional materials. Its boronic acid group makes it a versatile building block in medicinal chemistry for drug discovery and development.