Used as a key intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, which are widely employed to create complex molecules for drug development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in creating carbon-carbon bonds. Additionally, it is utilized in the preparation of biologically active molecules, such as enzyme inhibitors and receptor ligands, contributing to advancements in medicinal chemistry. Its applications also extend to material science, where it aids in the development of organic electronic materials and polymers.