Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the production of complex organic molecules. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it useful in the development of drugs, especially those targeting cancer and other diseases. Additionally, it finds application in the synthesis of advanced materials and organic electronic compounds due to its ability to facilitate precise molecular assembly.