Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting specific enzymes or receptors. It is also employed in cross-coupling reactions, such as Suzuki-Miyaura coupling, to create complex organic molecules for material science and medicinal chemistry. Additionally, it serves as a building block in the production of advanced materials, including polymers and sensors, due to its boronic acid group, which can interact with diols and sugars. Its applications extend to research in organic synthesis, where it aids in the creation of novel compounds with potential biological activity.