Used in Suzuki-Miyaura cross-coupling reactions to synthesize complex organic compounds, particularly in pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and fine chemicals. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in creating carbon-carbon bonds. Also employed in material science for developing advanced polymers and organic electronic materials. Its versatility in organic synthesis makes it a crucial component in research and industrial applications.