Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs). It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is valuable in the development of drugs targeting various diseases, including cancer and central nervous system disorders. Additionally, it is utilized in material science for the creation of advanced organic materials and polymers. Its boronic acid group makes it a versatile reagent in organic synthesis and medicinal chemistry research.