Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of enzyme inhibitors and receptor antagonists. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling 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. Its boronic acid group makes it valuable in bioconjugation and labeling applications, particularly in the field of medicinal chemistry for targeted drug delivery systems. Additionally, it is utilized in research for the development of new materials with potential applications in electronics and optoelectronics.