Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to create complex organic compounds. It plays a significant role in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in constructing carbon-carbon bonds. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Its stability and reactivity make it a preferred choice in various catalytic processes.