Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is also employed in the production of agrochemicals, contributing to the development of herbicides and pesticides. Additionally, it serves as a building block in material science for the creation of advanced polymers and organic electronic materials. Its boronic acid group makes it valuable in sensor technologies for detecting specific biological or chemical substances.