Used in organic synthesis as a building block for creating complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is essential for forming carbon-carbon bonds, making it valuable in pharmaceutical research for developing new drugs. It is also applied in material science for designing advanced organic materials, such as conductive polymers or light-emitting diodes (LEDs). Its boronic acid group enables precise modifications, enhancing its utility in creating tailored chemical structures.