Used in organic synthesis as a versatile building block for creating complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is essential for forming carbon-carbon bonds, enabling the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group acts as a key functional group, facilitating the coupling with aryl halides to produce biaryl compounds. Additionally, it serves as an intermediate in the development of dyes, sensors, and organic electronic materials due to its unique structural properties.