Used in organic synthesis as a key intermediate for cross-coupling reactions, particularly Suzuki-Miyaura coupling, to create complex molecules for pharmaceutical research. It is valuable in the development of drug candidates, especially in the synthesis of compounds targeting neurological disorders and cancer. Its boronic acid group enables efficient bond formation with aromatic halides, making it a versatile building block in medicinal chemistry. Additionally, it is employed in material science for the design of advanced organic materials.