Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It plays a crucial role in cross-coupling reactions, such as Suzuki-Miyaura coupling, to create complex organic molecules. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in medicinal chemistry for designing bioactive compounds. Additionally, it is employed in the production of agrochemicals and advanced materials, contributing to innovations in drug discovery and material science.