Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting various diseases. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is also utilized in the production of agrochemicals, contributing to the development of pesticides and herbicides. Its boronic acid group makes it valuable in materials science for designing advanced polymers and coatings. Additionally, it is employed in research for the creation of novel compounds with potential applications in medicinal chemistry and organic synthesis.