Used as a key intermediate in the synthesis of pharmaceutical compounds, 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 for creating complex organic molecules. Its boronic acid group facilitates efficient coupling with aryl halides, making it valuable in medicinal chemistry for designing bioactive molecules. Additionally, it is employed in the production of agrochemicals, contributing to the development of advanced crop protection agents. Its structural properties also make it suitable for research in material science, particularly in the creation of organic electronic materials.