Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its boronic acid group enables participation in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery and material science. This compound is valuable in creating complex molecules for therapeutic agents, especially in targeting specific biological pathways. Additionally, it finds application in the synthesis of agrochemicals and advanced materials, contributing to innovations in crop protection and functional materials.