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, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the preparation of biologically active compounds, including anti-inflammatory and antiviral agents. Additionally, it is utilized in material science for the development of organic electronic materials and polymers. Its boronic acid group makes it valuable in sensor technologies for detecting sugars and other analytes.