Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It is also employed in cross-coupling reactions, such as Suzuki-Miyaura reactions, to create complex organic molecules for research and industrial applications. Additionally, it serves as a building block in the production of agrochemicals, aiding in the development of new pesticides and herbicides. Its boronic acid group makes it valuable in materials science for creating advanced polymers and coatings.