Used as a key intermediate in organic synthesis, particularly in the preparation of complex molecules for pharmaceutical research. It plays a significant role in cross-coupling reactions, such as Suzuki-Miyaura coupling, to form carbon-carbon bonds, which are essential in drug development. Additionally, it is utilized in the synthesis of bioactive compounds and materials with potential applications in medicinal chemistry and material science. Its boronic acid group makes it valuable for creating sensors and probes in biochemical studies.