Used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, to create complex organic compounds. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in drug discovery and development. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in designing bioactive molecules. Its application extends to material science, where it aids in the creation of functionalized polymers and organic electronic materials.