Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules, particularly in pharmaceutical research. It plays a crucial role in the development of drugs targeting specific biological pathways, such as kinase inhibitors for cancer treatment. Additionally, it is employed in the production of agrochemicals, contributing to the creation of more effective and selective herbicides or pesticides. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in material science for designing advanced polymers and organic electronic materials.