Used primarily in organic synthesis, it serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex molecules. It is also employed in the development of inhibitors and bioactive compounds, particularly in drug discovery for targeting specific enzymes or receptors. Additionally, it finds use in material science for creating advanced polymers and functional materials.