Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to create carbon-carbon bonds in the synthesis of complex organic molecules. Its boronic acid group enables efficient coupling with aryl halides, making it essential for producing biaryl compounds. These compounds are often utilized in the development of drugs, especially those targeting cancer, inflammation, and infectious diseases. Additionally, it finds application in material science for the creation of advanced polymers and organic electronic materials. Its stability and reactivity make it a versatile reagent in both academic research and industrial processes.