Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development 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 to create complex organic molecules. This compound is also employed in the production of agrochemicals, contributing to the development of herbicides and pesticides. Additionally, it is utilized in material science for the design of organic electronic materials, such as semiconductors and light-emitting diodes (LEDs). Its boronic acid group makes it valuable in biochemical research for protein labeling and sensing applications.