Used as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceutical research. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds for the development of biologically active compounds. Its boronic acid group makes it valuable in the production of drugs targeting various diseases, including cancer and inflammation. Additionally, it is employed in the creation of advanced materials and organic electronics due to its ability to facilitate precise molecular design.