Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. Its boronic acid group allows for efficient coupling with aryl halides, making it valuable in medicinal chemistry for designing targeted therapies. Additionally, it is employed in the production of agrochemicals and materials science for creating advanced functional compounds.