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 in complex organic molecules. This compound is also employed in the production of agrochemicals, contributing to the creation of advanced pesticides and herbicides. Its boronic acid group allows for selective and efficient modifications in organic synthesis, making it valuable in material science for designing functional polymers and advanced materials. Additionally, it is utilized in research for developing novel bioactive compounds and catalysts.