Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of small molecule drugs targeting various diseases. It plays a role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is crucial in creating complex organic compounds. This chemical is also employed in the preparation of biologically active molecules, including potential inhibitors for enzymes or receptors involved in cancer, inflammation, or neurological disorders. Its boronic acid group makes it valuable in bioconjugation and sensor development for detecting specific biomolecules. Additionally, it is utilized in material science for designing functionalized polymers or coatings with specific properties.