Used in organic synthesis as a key intermediate for the development of pharmaceuticals and agrochemicals. It serves as a versatile building block in cross-coupling reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. Its borinic acid group enables it to act as a catalyst or reagent in asymmetric synthesis, aiding in the creation of chiral molecules. Additionally, it is employed in materials science for the design of organic electronic materials, such as OLEDs, due to its ability to modify electronic properties. Its unique structure also makes it a candidate for research in medicinal chemistry, particularly in the development of enzyme inhibitors and receptor modulators.