Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. Its boronic acid group facilitates the coupling with aryl halides, making it valuable in the development of biologically active compounds. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Its versatility in coupling reactions also makes it useful in the production of advanced materials and fine chemicals.