Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is also employed in agrochemical research for designing novel pesticides and herbicides. Its boronic acid group allows for efficient functionalization, making it valuable in material science for developing advanced polymers and coatings. Additionally, it is utilized in the production of liquid crystals and electronic materials, contributing to the development of display technologies.