This chemical is widely used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a building block in Suzuki-Miyaura cross-coupling reactions, which are essential for creating complex organic compounds, including drug candidates. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the development of biologically active molecules. Additionally, it is employed in the synthesis of advanced materials and ligands for catalytic processes. Its unique structure allows for precise modifications in molecular design, enhancing the efficacy of target compounds.