Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of complex molecules, particularly in pharmaceutical research. It is often employed in Suzuki-Miyaura cross-coupling reactions, which are widely utilized to form carbon-carbon bonds in the development of drug candidates. Its boronic acid group enables it to act as a versatile building block for constructing biologically active compounds, especially in the synthesis of heterocyclic structures. Additionally, it finds application in the development of materials science, where it contributes to the creation of advanced organic materials with tailored properties.