Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. Applied in the production of agrochemicals, including herbicides and pesticides, to enhance crop protection. Utilized in material science for the development of advanced polymers and electronic materials. Its boronic acid group allows for versatile functionalization, making it valuable in medicinal chemistry and drug discovery research.