Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of drugs targeting specific enzymes or receptors. It plays a significant role in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds in complex organic molecules. This chemical is also employed in the production of agrochemicals, contributing to the creation of herbicides and pesticides with enhanced efficacy. Additionally, it finds application in material science for the development of advanced polymers and organic electronic materials. Its boronic acid group makes it valuable in sensor technologies for detecting biological molecules.