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 utilized in the production of agrochemicals, contributing to the development of herbicides and pesticides. Its boronic acid group makes it valuable in materials science for creating advanced polymers and coatings with specific properties. Additionally, it is employed in research for designing and optimizing catalysts in organic chemistry.