Used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical industry to create complex molecules for drug development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the construction of carbon-carbon bonds. This compound is also utilized in the synthesis of biologically active molecules, including potential therapeutic agents targeting specific enzymes or receptors. Additionally, it finds applications in material science for the development of organic electronic materials and polymers.