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 utilized in the production of agrochemicals, contributing to the creation of pesticides and herbicides. Its boronic acid group makes it valuable in bioconjugation and sensor development, particularly for detecting sugars and other biomolecules. Additionally, it is employed in material science for the preparation of advanced polymers and organic electronic materials.