Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This makes it valuable in the development of complex molecules, particularly in drug discovery and material science. Additionally, it is employed in the synthesis of pyridine derivatives, which are important in creating compounds with potential biological activity. Its applications extend to the production of specialty chemicals and fine chemicals, where precise molecular construction is essential.