Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. 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 advanced materials, such as organic semiconductors and liquid crystals, which are essential in electronic devices. Additionally, it serves as a building block in the creation of agrochemicals, contributing to the development of more effective pesticides and herbicides. Its boronic acid group makes it valuable in biochemical research for probing enzyme activity and protein interactions.