Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex organic compounds. It plays a vital role in pharmaceutical research, enabling the development of drug candidates by facilitating the formation of carbon-carbon bonds. Additionally, it is employed in material science for the design of advanced polymers and functional materials. Its boronic acid group allows for precise modifications in molecular structures, making it valuable in the production of fine chemicals and agrochemicals.