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 bioactive compounds and agrochemicals, contributing to the creation of new herbicides and pesticides. Its boronic acid group makes it valuable in bioconjugation and molecular recognition studies, aiding in the design of sensors and diagnostic tools. Additionally, it is utilized in material science for the development of advanced polymers and coatings with specific functional properties.