Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely employed in the pharmaceutical industry to create complex molecules for drug development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it plays a role in the production of agrochemicals and advanced materials, contributing to the development of novel compounds with specific properties. Its stability and reactivity make it a valuable component in research and industrial applications.