Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting various diseases. 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 employed in the production of agrochemicals, contributing to the creation of pesticides and herbicides. 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 technology for detecting sugars and other biologically relevant molecules.