Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of kinase inhibitors. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the preparation of biologically active molecules, aiding in drug discovery and medicinal chemistry research. Its boronic acid group makes it valuable in the design of sensors and probes for detecting specific analytes in biochemical studies. Additionally, it is utilized in the production of materials for organic electronics and advanced polymers.