Used in organic synthesis as a key intermediate for the preparation of various pharmaceutical compounds. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. This chemical is particularly valuable in the development of drug candidates, especially in oncology and other therapeutic areas. Its boronic acid group allows for efficient and selective coupling with aryl halides, making it a versatile tool in medicinal chemistry. Additionally, it is employed in the research and development of new materials and bioactive molecules.