Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that target various diseases. 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 compound is also utilized in the development of agrochemicals, contributing to the creation of herbicides and pesticides. Additionally, it finds application in material science for the design of organic electronic materials, such as those used in OLEDs and other advanced technologies. Its boronic acid group makes it a valuable reagent in organic synthesis and drug discovery processes.