Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and biologically active compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to create carbon-carbon bonds in the synthesis of complex molecules. This compound is also utilized in the development of materials for organic electronics and sensors due to its boronic acid group, which can interact with diols and other functional groups. Additionally, it finds applications in the research and development of new drugs targeting diseases such as cancer and inflammation, owing to its structural versatility and reactivity.