Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a crucial role in cross-coupling reactions, such as Suzuki-Miyaura reactions, to form carbon-carbon bonds, which are essential in creating complex organic molecules. This compound is also employed in the production of agrochemicals, aiding in the development of herbicides and pesticides. Additionally, it is utilized in material science for the synthesis of advanced materials, including organic electronic components and polymers. Its boronic acid group makes it valuable in bioconjugation and labeling applications in biochemical research.