Used in organic synthesis as a key building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in drug discovery for constructing complex heterocyclic systems. Commonly applied in the development of bioactive molecules, including potential treatments targeting central nervous system disorders and inflammatory diseases. Also utilized in materials science for creating functional organic compounds with luminescent or electronic properties.