Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This chemical is also employed in the production of agrochemicals, where it contributes to the creation of compounds with enhanced biological activity. Additionally, it finds application in material science for the development of organic electronic materials, such as those used in organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its boronic acid group makes it a valuable building block in medicinal chemistry for designing enzyme inhibitors and receptor modulators.