Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting neurological disorders and cancer. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also utilized in the development of agrochemicals, contributing to the creation of herbicides and fungicides. Additionally, it finds application in material science for the preparation of advanced polymers and organic electronic materials. Its boronic acid group makes it valuable in sensor technologies for detecting sugars and other biologically relevant molecules.