Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting central nervous system disorders. It plays a crucial role in cross-coupling reactions, such as Suzuki-Miyaura reactions, to create complex organic molecules. Also employed in agrochemical research for developing new pesticides and herbicides. Its boronic acid group makes it valuable in materials science for creating advanced polymers and coatings. Additionally, it is utilized in the development of fluorescent probes and sensors for biochemical applications.