Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. Its boronic acid group allows for efficient coupling with aryl halides, making it valuable in the development of drugs, particularly those targeting cancer and inflammation. Additionally, it is utilized in material science for the synthesis of organic electronic materials, such as polymers and small molecules for OLEDs and sensors. Its stability and reactivity make it a versatile reagent in research and industrial applications.