Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of enzyme inhibitors and receptor antagonists. It plays a significant 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 production of advanced materials, such as liquid crystals and organic semiconductors, due to its ability to modify electronic properties. Additionally, it finds application in agrochemical research for the development of novel pesticides and herbicides. Its boronic acid group allows for precise functionalization in various chemical processes.