Used in organic synthesis as a key intermediate for the preparation of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. Also employed in the production of agrochemicals and materials science for creating advanced polymers and coatings. Its boronic acid group allows for selective binding to biological targets, making it valuable in biochemical research and diagnostic applications.