Widely used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and bioactive compounds. It serves as a crucial building block in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. Its boronic acid group facilitates the synthesis of aryl-aryl or aryl-heteroatom bonds, making it valuable in drug discovery and development. Additionally, it is employed in the production of fluorinated compounds, which are often used in medicinal chemistry due to their enhanced metabolic stability and bioavailability. The compound's unique structure also makes it suitable for designing targeted therapies and diagnostic agents.