Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is essential in pharmaceutical research for creating carbon-carbon bonds, enabling the development of drug candidates. Its boronic acid group facilitates coupling with aryl halides, making it valuable in producing biologically active compounds. Additionally, it is employed in material science for designing organic electronic materials and polymers. Its versatility and reactivity make it a crucial component in advanced chemical research and industrial applications.