Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and biologically active compounds. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is essential in drug development and material science. Additionally, it is utilized in the synthesis of complex molecules for research in medicinal chemistry, particularly in the development of enzyme inhibitors and receptor modulators. Its boronic acid group makes it valuable in the design of sensors and probes for detecting specific biomolecules.