Used in organic synthesis as a versatile building block for the preparation of complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. This compound is often employed in pharmaceutical research to create drug candidates with potential therapeutic properties. Additionally, it serves as a key intermediate in the development of agrochemicals and materials science applications. Its boronic acid group allows for precise functionalization of aromatic systems, making it useful in designing advanced polymers and catalysts.