Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. Additionally, it serves as a building block in the development of bioactive compounds, including inhibitors and receptor ligands, due to its boronic acid functional group, which enhances reactivity and selectivity in chemical transformations. It is also utilized in the production of advanced materials, such as polymers and coatings, where its unique properties contribute to improved performance and stability.