Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of quinoline-based drugs. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is essential for creating complex organic molecules. This chemical is also employed in the production of bioactive molecules and materials for organic electronics, contributing to advancements in medicinal chemistry and material science. Its boronic acid group makes it valuable for constructing heterocyclic compounds with potential therapeutic applications.