Used as a key intermediate in the synthesis of organic compounds, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. This reaction is widely employed in pharmaceutical research and development to create complex molecules with potential therapeutic properties. It also finds applications in material science, where it aids in the production of organic electronic materials, such as conductive polymers and organic semiconductors. Its boronic acid group makes it valuable in constructing carbon-carbon bonds, essential for designing advanced materials and bioactive molecules. Additionally, it is utilized in the preparation of ligands for catalysis and in the development of sensors for detecting specific analytes.