Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals, particularly in the development of kinase inhibitors. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. This compound is also employed in the synthesis of bioactive compounds and materials with potential applications in medicinal chemistry and drug discovery. Its boronic acid group enhances its utility in constructing diverse chemical structures for research and industrial purposes.