This chemical is primarily used as a key intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. Its boronic acid functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the production of complex organic molecules. It is often utilized in the development of active pharmaceutical ingredients (APIs) and drug candidates, especially in the synthesis of compounds with potential therapeutic properties. Additionally, it can be applied in the creation of advanced materials and catalysts, contributing to innovations in material science and chemical engineering. Its versatility and reactivity make it a crucial component in modern synthetic chemistry.