Used primarily in organic synthesis, this compound serves as a key intermediate in Suzuki-Miyaura cross-coupling reactions. It facilitates the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals and agrochemicals. Its boronic acid group allows for efficient coupling with various aryl halides, enabling the creation of complex molecules. Additionally, it is employed in the synthesis of pyrimidine derivatives, which are important in medicinal chemistry for designing drugs targeting specific biological pathways. Its versatility also extends to material science, where it aids in the production of advanced organic materials.