Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid functional group enables the formation of carbon-carbon bonds, making it valuable in constructing complex organic molecules. Additionally, it serves as a building block in the development of bioactive compounds and drug candidates, contributing to research in medicinal chemistry. Its stability and reactivity also make it suitable for use in material science, particularly in the creation of polymers and electronic materials.