Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that target various diseases. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is essential in creating complex organic molecules. This chemical is also employed in the development of agrochemicals, helping to produce compounds that enhance crop protection and yield. Additionally, it finds application in material science for the creation of advanced polymers and organic electronic materials. Its boronic acid group makes it valuable in sensor technology for detecting specific analytes in biochemical assays.