Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the preparation of biologically active compounds and materials for organic electronics. Its boronic acid group allows for selective binding to diols, making it useful in sensor development and carbohydrate recognition studies. Additionally, it finds application in the synthesis of advanced materials for optoelectronic devices due to its ability to modify electronic properties.