Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting various diseases. Plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in organic chemistry. Applied in the production of advanced materials, including polymers and liquid crystals, which are essential in electronics and display technologies. Also utilized in research for creating novel bioactive molecules, aiding in the discovery of new therapeutic agents. Its boronic acid group makes it valuable in sensor development for detecting specific analytes in biochemical applications.