Used in pharmaceutical research for synthesizing complex molecules, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the creation of biaryl compounds with potential therapeutic properties. Applied in the production of agrochemicals to develop novel pesticides and herbicides. Also utilized in material science for designing advanced organic electronic materials, such as semiconductors and light-emitting diodes (LEDs). Its boronic acid group allows for precise functionalization in organic synthesis, making it valuable in creating specialized polymers and coatings.