Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in pharmaceutical research. It is often employed in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds, which is crucial in developing drug candidates. Its boronic acid group makes it a versatile building block for creating compounds with potential therapeutic applications, such as enzyme inhibitors or receptor modulators. Additionally, it may be utilized in the development of materials science for designing functional polymers or ligands in catalysis.