Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the production of complex organic molecules. This compound is also utilized in the development of bioactive compounds and materials for electronic devices due to its boronic acid functionality, which allows for versatile chemical transformations. Additionally, it serves as a building block in the synthesis of ligands for catalysis and in the creation of sensors for detecting specific analytes.