Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is also employed in the development of bioactive compounds, including potential drug candidates for treating diseases such as cancer and inflammation. Additionally, it serves as a building block in the production of advanced materials, including polymers and sensors, due to its boronic acid functionality, which can interact with diols and other functional groups. Its methylsulfonyl group enhances stability and reactivity, making it a versatile reagent in medicinal chemistry and material science.