Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors, which are important in cancer therapy. It is also employed in cross-coupling reactions, such as Suzuki-Miyaura coupling, to create complex organic molecules for drug discovery and material science. Additionally, it serves as a building block in the preparation of agrochemicals and other biologically active compounds. Its boronic acid group makes it valuable for creating carbon-carbon bonds in organic synthesis.