Widely used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. Its boron-containing group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in drug discovery and development. It is particularly useful in constructing complex heterocyclic systems found in bioactive molecules. Due to its stability and reactivity, it is preferred in late-stage functionalization of organic molecules, allowing for rapid diversification of compound libraries in medicinal chemistry research.