Used primarily in organic synthesis, it serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of complex organic molecules, including potential drug candidates. Additionally, it is employed in the production of advanced materials, such as organic semiconductors and polymers, due to its ability to modify and stabilize molecular structures. Its applications extend to research laboratories where it aids in the study of new chemical reactions and pathways.