Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the development of pharmaceuticals. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial for creating active pharmaceutical ingredients (APIs). Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in drug discovery and medicinal chemistry. Additionally, it is employed in the synthesis of biologically active compounds targeting various diseases, including cancer and neurological disorders.