Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to create complex molecules for drug development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This compound is also utilized in the preparation of biologically active compounds and materials with potential applications in medicinal chemistry and materials science. Additionally, it serves as a building block in the synthesis of agrochemicals and fine chemicals, contributing to advancements in crop protection and specialty chemical production.