Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of complex molecules, particularly in drug discovery for creating targeted therapies. Additionally, it is employed in the synthesis of pyrimidine derivatives, which are essential in designing compounds with potential biological activity. Its versatility in coupling reactions also extends to materials science, where it aids in the creation of advanced polymers and organic electronic materials.