Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders and cancer. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds for complex organic molecules. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in medicinal chemistry for creating biologically active compounds. Additionally, it is employed in the production of agrochemicals and advanced materials, contributing to innovations in crop protection and functional materials.