This chemical is primarily utilized as a key intermediate in the synthesis of various pharmaceutical compounds. It plays a significant role in the development of drugs targeting specific diseases, particularly in the field of oncology and infectious diseases. Its boronic acid group makes it a valuable component in Suzuki-Miyaura cross-coupling reactions, which are widely used to create complex organic molecules. Additionally, it is employed in the production of advanced materials and organic electronics, where precise molecular structures are crucial for desired properties. Its application extends to research laboratories, where it is used to explore new chemical reactions and develop innovative therapeutic agents.