Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, facilitating the creation of complex organic molecules. This compound is also employed in the production of agrochemicals, aiding in the development of new pesticides and herbicides. Its boronic acid group makes it valuable in materials science for creating advanced polymers and coatings. Additionally, it is utilized in research for designing and testing new chemical entities with potential therapeutic applications.