Used in organic synthesis as a key intermediate for the preparation of various biologically active compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to create complex molecules. This compound is also utilized in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Additionally, it serves as a building block in the synthesis of agrochemicals and other fine chemicals. Its boronic acid group enables it to act as a versatile reagent in forming carbon-carbon and carbon-heteroatom bonds, making it essential in modern synthetic chemistry.