Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the production of drugs targeting central nervous system disorders. 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 development of agrochemicals, contributing to the creation of pesticides and herbicides. Additionally, it finds application in material science for the preparation of advanced polymers and organic electronic materials. Its boronic acid group makes it valuable in biochemical research for protein manipulation and carbohydrate sensing.