Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of enzyme inhibitors and receptor modulators. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds in complex organic molecules. This chemical is also employed in the preparation of biologically active molecules for research in medicinal chemistry, aiding in the discovery of potential therapeutic agents. Its boronic acid group makes it valuable in the design of sensors and probes for detecting specific analytes in biochemical studies. Additionally, it is utilized in the production of advanced materials, such as organic electronic components, due to its ability to modify molecular structures effectively.