Used primarily as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is crucial for forming carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of complex organic molecules. Additionally, it finds applications in the development of bioactive compounds and as a building block in medicinal chemistry for designing potential drug candidates. Its stability and reactivity make it a versatile tool in research and industrial chemistry.