Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the production of agrochemicals, contributing to the creation of novel pesticides and herbicides. Its boronic acid group enhances its utility in bioconjugation and labeling applications, making it valuable in biochemical research and diagnostics. Additionally, it is utilized in material science for the development of advanced polymers and organic electronic materials.