Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and biologically active compounds. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is essential in drug discovery and development. Additionally, it is applied in the synthesis of complex molecules for research in medicinal chemistry, particularly in the development of potential therapeutic agents targeting specific diseases. Its boronic acid group also makes it valuable in materials science for creating advanced polymers and materials with tailored properties.