Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production 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 compound is also employed in the development of agrochemicals, contributing to the creation of herbicides and pesticides with enhanced efficacy. Additionally, it serves as a building block in material science for the design of advanced polymers and organic electronic materials. Its boronic acid group makes it valuable in sensor development for detecting sugars and other biomolecules.