Used in organic synthesis as a key intermediate for the preparation of pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the creation of complex aromatic compounds. This chemical is also employed in the development of biologically active molecules, including potential drug candidates targeting various diseases. Its boronic acid group makes it a versatile building block in medicinal chemistry and material science.