Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex organic compounds. It serves as a key intermediate in the production of pharmaceuticals, enabling the formation of carbon-carbon bonds. Its boronic acid group allows for efficient coupling with aryl halides, making it valuable in drug discovery and development. Additionally, it is employed in material science for designing functional materials with specific electronic or optical properties. Its stability and reactivity make it a versatile tool in advanced chemical research and industrial applications.