Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of drugs targeting cancer and other diseases. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This chemical is also employed in the production of agrochemicals and materials for organic electronics. Its boronic acid group makes it valuable in bioconjugation and sensing applications, where it can selectively bind to diols and other biomolecules. Additionally, it is utilized in research for developing novel therapeutic agents and diagnostic tools.