Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex organic molecules. Applied in research for designing enzyme inhibitors due to its ability to interact with biological targets. Also utilized in material science for developing advanced polymers and coatings with specific functional properties. Plays a role in the production of agrochemicals, contributing to the creation of more efficient and targeted pesticides.